Oil falls on conflicting OPEC+, Russia messages amid stronger dollar

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Oil falls on conflicting OPEC+, Russia messages amid stronger dollar
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:Oil prices softened in early trade on Friday, weighed on by conflicting messages from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting and a stronger dollar. Brent crude fell 30 cents to $75.96 a barrel at 0315 GMT, while U.S. West Texas Intermediate was down by 14 cents at $71.69 a barrel.

:Oil prices softened in early trade on Friday, weighed on by conflicting messages from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting and a stronger dollar.

Both prices however were still poised to post a second week of gains of slightly less than 1 per cent. Their remarks contrasted with comments this week from Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, the de-facto leader of the Organization of Petroleum Exporting Countries , warning short sellers to"watch out"."OPEC+ watchers always pay close attention to Russia-Saudi communication as a rising rift could bring back the risk that the 23-nation alliance could fall apart," Moya added.

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