![](https://img.etimg.com/photo/101579901.cms)
Oil prices dipped slightly as concerns over further interest rate hikes continue, despite US oil inventories falling more than expected. Brent crude futures were down 0.5% at $76.14 a barrel, while US West Texas Intermediate crude fell 0.7% to $71.30 a barrel, though both are on course to secure their second consecutive weekly gains. .