Oil prices fell slightly on Friday. Concerns about oversupply and demand are the result of a stronger dollar outweighing a sharp reduction in fuel inventories in the United

Brent oil futures were down 30 cents, or 0.41%, to $72.26 per barrel at 0105 GMT. West Texas Intermediate crude oil futures fell 25 cents, or 0.36%, to $68.45. For the week, Brent is expected to fall by around 2.2% while WTI is expected to fall by 2.7%. According to the Energy Information Administration (EIA), U.S. crude inventories increased by 2.1 million barrels last week, much more than analysts' expectations, which expected a rise of 750,000 barrels. The Paris-based agency raised its demand growth forecast for 2024 by 60,000 barrels per day, to 920,000 bpd, and left its 2025 oil demand growth forecast unchanged, to 990,000