Oil eases on weak US fuel demand, profit taking

Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted the chances the Federal Reserve will start to cut interest rates this year.

Brent crude futures for August settlement , which expired on Friday, settled up 2 cents at $86.41 a barrel. The more liquid September contract fell 0.3% to $85 a barrel.

U.S. West Texas Intermediate (WTI) crude futures settled 20 cents lower, or 0.24%, to $81.54.

For the week, Brent...