Oil futures fell Friday, with weakness tied in part to disappointment in China’s latest round of stimulus measures. China on Friday signed off on a $1.4 trillion plan to aid local governments. It will raise the ceiling on local government debt by 6 trillion yuan,

Oil prices extend losses in late afternoon trade in Europe, with both benchmarks falling more than 2.5% after China held off on new fiscal stimulus and fears over U.S. supply disruptions due to Hurricane Rafael eased.