Oil prices steadied on Friday ahead of key US economic data after rising over 1 per cent in the last session on cuts to OPEC+ production targets.
Brent crude futures slipped 11 cents to $94.31 a barrel by 0339 GMT. WTI crude futures were down 5 cents to $88.40 a barrel, after earlier hitting $89.37 per barrel, the highest since September 14.
A stronger dollar added pressure on oil prices amid a chorus of hawkish Federal Reserve speakers signaling further aggressive central bank policy tightening.
Fed officials showed no intention of backing down from the most aggressive rate hike campaign in decades, with Fed Governor Lisa Cook, Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari all stressing that the inflation fight was ongoing and they were not prepared to change course.
