Mubasher: Oil prices declined in Friday’s early trades amid fears over supply glut and US dollar rise.
US oil inventories rose by 1.6 million barrels to reach 485.5 million barrels last week, according to a previous data by Energy Information Administration (EIA).
Brent oil futures sank 0.47% to $46.69 per barrel (pb) by 6:45am GMT, while U.S. light crude fell 1.05% to $44.48 pb.
