Oil prices dropped on Friday with an unforeseen 2 million-barrel increase in US commercial crude inventories compared to expectations of a 1.4 million-barrel draw, signaling diminishing demand.
International benchmark Brent crude was trading at $39.95 per barrel at 0602 GMT for a 0.27% decrease after closing Thursday at $40.06 a barrel.
American benchmark West Texas Intermediate (WTI) was at $37.22 a barrel at the same time for a 0.21% decrease after ending the previous session at $37.30 per barrel.
Oil prices were also negatively affected due to worse-than-expected US macroeconomic data, and with US Democrats blocking a stimulus package to revive the economy amid the coronavirus pandemic, the amount of which the Democrats described as "skinny."
Although the US jobless claims stayed unchanged at 884,000 last week, the number is still above the pre-pandemic record of 695,000 and the current expectation of 846,000.
By Sibel Morrow