News Headlines:
Oil prices on track for weekly dip as dollar firms (Reuters)
Oil prices fell on Friday, wiping out gains from the previous session, as the dollar continued to gain on bets the U.S. central bank will bring forward plans to raise rates to tame inflation. U.S. West Texas Intermediate (WTI) crude futures fell 61 cents, or 0.8%, to $80.98 a barrel at 0749 GMT, reversing Thursday’s 25 cent gain. Brent crude futures dropped 65 cents, or 0.8%, to $82.22 a barrel.