Oil prices slip as rate hike worries come into focus 

In early trading on Friday, crude oil futures declined due to expectations of prolonged higher interest rates in Asia and the United States. However, prices were supported by a decrease in U.S. oil inventories.

Specifically, Brent futures for August delivery fell by 11 cents to $85.60 per barrel as of 0013 GMT, while U.S. crude prices dropped 9 cents to $81.20 per barrel.