SINGAPORE — Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve (Fed) interest rate cut next week.
Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT (9:25 a.m. in Manila) while US West Texas Intermediate crude was at $69.95 a barrel, down 7 cents.
