Investing.com - Oil prices fell by around one percent on Friday as a stronger dollar weighed and Russia warned that a global crude supply overhang could last into next year.
International Brent crude futures were trading at $47.63 per barrel at 11:12 GMT, down 45 cents or 0.94% from their last settlement.
U.S. West Texas Intermediate crude futures were down 61 cents, or 1.31%, at $46.09 a barrel.
Analysts said that declining output, especially in North America was preventing deeper price falls.