Crude Oil Prices Fell After Seven Consecutive Weekly Gains

Crude oil prices fell in early Asian trading after a run of seven consecutive weekly gains pushed it to the highest level since 2014.

Futures of WTI lost 0.89% to $91.52 per barrel while Brent lost 0.21% to $93.10 per barrel.

Inventories at key storage hubs are falling. Saudi Aramco raised its prices for customers in Asia, the U.S. and Europe for March in another bullish sign.

Earlier oil price rallied on strong demand and supply shortages put $100 a barrel within reach. Higher prices were also supported by tensions in Ukraine.