Oil prices fell on Friday, ahead of the end of the peak winter demand season in the northern hemisphere, although continued supply cuts and a weaker dollar gave ample support to the market.
Brent crude futures were $ 70.22 a barrel by 0556 GMT, down 20 cents, or 0.3 percent, from the previous settlement. Brent crude was up on Thursday at its highest level since December 2014 at $ 71.28 per barrel .
US West Texas Intermediate crude futures were $ 65.38 a barrel, down 13 cents, or 0.2 percent, from the previous session. WTI also hit its highest level since December 2014 at the previous session at $ 66.66 a barrel.
Many of the refineries closed after the winter for maintenance, causing a drop in crude orders