© Reuters. FILE PHOTO: A container ship sails alongside Nakhodka Bay end to the oil terminal within the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel 
By Noah Browning
LONDON (Reuters) -Oil prices edged decrease on Monday as a stronger buck sunless procuring for though losses had been restricted by supply concerns after Russia halted exports to Poland by ability of a key pipeline.
Benchmark Brent indecent futures had been down 51 cents, or 0.6%, at $82.65 a barrel at 1303 GMT while West Texas Intermediate U.S. indecent futures (WTI) traded at $76.08, down by 24 cents or 0.3%.
Each benchmarks closed bigger than 90 cents greater on Friday.
The buck hovered end to a seven-week peak on Monday after a slew of sturdy U.S. economic records strengthened the ogle that the Federal Reserve have to rob curiosity rates further and for longer.
A agency buck makes commodities priced within the U.S. foreign money dearer for holders of alternative currencies.
Fears of a hawkish Fed returned to the fore after records on Friday showed the U.S. inner most consumption expenditures (PCE) imprint index shot up 0.6% final month after gaining 0.2% in December.
"Indecent continues to attract end course from the sentiment within the broader monetary markets," said Vandana Hari, founding father of oil market diagnosis provider Vanda (NASDAQ:VNDA) Insights. "If likelihood aversion continues to develop, indecent will seemingly attain below renewed stress."
Meanwhile, Russia halted gives of oil to Poland by ability of the Druzhba pipeline, Polish refiner PKN Orlen said on Saturday, a day after Poland said it had delivered its first Leopard tanks to Ukraine.
Russian pipeline operator Transneft blamed the conclude on an absence of accomplished paperwork for gives for the 2nd half of February.
Russia announced plans earlier this month to diminish oil exports from its western ports by up to 25% in March versus February, exceeding its beforehand mooted production cuts of 5%.
Peaceable, most analysts search for a European Union ban on Russian seaborne oil imports and an worldwide imprint cap having very best a diminutive influence on total world supply.
"Russian oil output has exceeded expectations in latest months resulting from lax EU/US sanctions," Monetary institution of The US (NYSE:BAC) said in a present.
Adding some downside stress, U.S. indecent oil inventories surged to the best stage since Would possibly also just 2021 final week, records from the Vitality Info Administration (EIA) showed.
