Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic activity and lower global fuel demand growth.

September Brent crude futures, which expire on July 31, slipped 10 cents, or 0.1%, to $73.14 a barrel. The more active October contract fell 14 cents, or 0.2%, to $72.33. U.S. West Texas Intermediate crude for September delivery dropped 5 cents,