SINGAPORE: Oil prices edged lower on Friday as demand concerns emerged following this week's rate hikes, although persisting supply tightness and new sanctions on Iran limited the downside.
Brent crude futures fell 35 cents, or 0.3%, to $119.46 a barrel at 0620 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell to $117.16 a barrel, down 43 cents, or 0.4%.
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