Oil prices edged lower in Asian trade Friday
Oil prices edged lower in Asian trade Friday as players assessed whether a strike in key African crude oil producer Nigeria would affect supplies, dealers said.
At 11:05 am, New York's main oil futures contract, light sweet crude for delivery in August, was down eight cents at $68.57 per barrel from $68.65 in late US trades.
Brent North Sea crude for August was down one cent at $70.21.
"The oil markets were keeping a watchful eye on Nigeria, to attempt to assess what, if any, impact the general strike will have on oil supplies," the Commonwealth Bank of Australia said in a commentary.