Investing.com-- Oil prices fell in Asian trade on Friday, extending recent losses after unexpected builds in U.S. product inventories drummed up concerns over sluggish fuel demand, while signs of weakening business activity in top importer

Oil futures fell Thursday, feeling pressure as equities and other assets perceived as risky extended a selloff and government data showed an unexpected

The price of 1 barrel of "Azeri Light" Azerbaijani oil on the world market decreased by 1.15 US dollars or 1.35 % and amounted to 83.78 US dollars, Azernews ​reports.

Oil prices edged higher on Friday as U.S. inflation data lifted expectations of a September rate cut, with the market focused on Sunday's OPEC+ meeting that will determine the fate of the producer group's output cuts.

U.S. crude oil inventories fell by more than expected last week, and gasoline stocks increased as refineries stepped up their capacity use, according to data released Thursday by the U.S. Energy Information Administration.

Oil prices were down on Thursday as the markets wait on the latest U.S. crude oil stockpiles data while resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand.

Investing.com-- Oil prices ebbed lower Friday, as investors digested U.S. economic data showing a steady pace of inflation that helped stoke bets on Federal reserve rate cut ahead of the weekend's meeting of top crude producers.

Investing.com-- Oil prices slipped lower Thursday on concerns of slowing U.S. economic activity, exacerbated by high interest rates, overshadowing a larger-than-expected draw in U.S. inventories. At 08:35 ET (12:35 GMT),