Crude futures edged lower in early trade but were still poised for weekly gains of more than 1.5% on rising supply concerns and a weaker dollar.

Crude prices fell to a two-month low, weakened by rising oil supplies and concerns over demand. Prices posted a fifth consecutive weekly loss, the first such losing streak in a year. West Texas Intermediate rose three of four trading days on the New York Mercantile Exchange,

Oil prices dipped in midday trading on Friday but were still on track to record a large weekly gain on concerns of tightening supply and a weaker dollar. Brent, the benchmark for two thirds of the world’s oil,