Oil drilling rigs
Oil prices extended their losses on Friday amid uncertain outlook for US monetary policy and a rise in US gasoline and distillate stocks despite a crude oil inventory fall.
Brent crude futures for August delivery dropped 0.15% to $81.76 a barrel, at 8:20 Makkah time.
Similarly, futures prices for US West Texas Intermediate (WTI) crude for July delivery lost 0.27% to $77.70 per barrel.
Crude oil inventories in the US fell lower than analyst estimates last week, while gasoline and distillate stocks rose.
Crude oil inventories in the US declined by 4.2 million barrels in the week ended May 24, compared to estimates for 1.6 million barrels, data from the US Energy Information Administration (EIA) showed.
Meanwhile, gasoline stocks were up by 2 million barrels. Distillate stocks also increased by about 2.5 million barrels.
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