Oil prices edged lower in early Asian trade on Friday as stronger-than-expected U.S. inflation data stoked some doubts about how much interest rates will fall in the coming months.
Brent oil futures for December were down 0.5% at $78.98 a barrel, while West Texas Intermediate crude futures were down 0.4% at $74.79 a barrel.
Although this week had little impact on oil prices, data showing a larger-than-expected build in U.S. inventories added to concerns about slowing demand. However the storm largely blocked most of the oil infrastructure in the Gulf of Mexico.
