Oil prices slip on hot U.S. inflation concerns, set for weekly fall

Indonesia Berita Berita

Oil prices slip on hot U.S. inflation concerns, set for weekly fall
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Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply.

Brent crude futures fell 25 cents, or 0.3%, to $91.16 a barrel at 0345 GMT, while U.S. West Texas Intermediate crude declined 15 cents, or 0.2%, to $89.73 a barrel.

"In addition, Iranian nuclear talks appear to be progressing, which is another factor holding prices back."

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