Brent is set for a decline of around 1 percent this week. : Brandywine Global portfolio manager Jack McIntyre and Prosper Trading Academy CEO Scott Bauer discuss the recent drop in oil prices. Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support. International benchmark Brent crude oil futures were at $60.99 per barrel at 0630 GMT, down 46 cents, or 0.8 percent, from their last close.