Oil prices slip on hot US inflation concerns, set for weekly fall

BEIJING: 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 58 cents, or 0.6%, to $90.83 a barrel at 0730 GMT, while U.S. West Texas Intermediate crude declined 45 cents, or 0.5%, to $89.43 a barrel.