Baghdad / Nina / Oil prices witnessed a decline in early Asian trading on Friday, on a trend to record weekly losses.
Brent crude futures fell 18 cents to $85.60 per barrel by 0011 GMT, while US West Texas Intermediate crude futures fell 19 cents to $80.88 per barrel.
Both crude oils are heading to record slight weekly losses of less than half a percent.
In the United States, the world’s largest oil consumer, supplies of gasoline products, an indicator of demand, fell to less than nine million barrels for the first time in three weeks, indicating a possible slowdown in demand for crude oil.
At the same time, the dollar, which is inversely proportional to oil prices, rose after the surprise interest rate cut by the Swiss National Bank boosted risk appetite./End
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