Oil prices fell in early Asian trade

Oil prices fell in early Asian transactions, today, Friday, after the dollar compensated for some of its losses.

Brent crude futures fell 11 cents, or 0.1%, to $86.77 a barrel, while West Texas Intermediate crude futures fell 14 cents, or 0.2%, to $81.08 a barrel.

The dollar rose after falling to its lowest level in 16 weeks against a basket of major currencies after data revealed that consumer spending in the United States increased strongly in October.

The two benchmarks are still on the verge of recording their first weekly gains after three consecutive weeks of declines, with two Chinese cities easing anti-Covid-19 restrictions.

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