Oil set to snap winning streak after Fed says in no rush to cut US rates

SINGAPORE: Oil prices were on track on Friday to snap a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months, but indications of healthy fuel demand and supply concerns could revive prices in coming days.

Brent crude futures were down 44 cents, or 0.5%, at $83.23 a barrel at 0524 GMT on Friday, while U.S. West Texas Intermediate crude futures were 48 cents, or 0.6%, lower at $78.13.