Oil prices edged down in early Asian trading on Friday but were on track to gain more than 3% for the week as US jobs data calmed demand concerns and fears of a widening Middle East conflict persisted.

Brent crude futures fell 9 cents, or 0.11%, to $79.07 a barrel.

US West Texas Intermediate crude futures were down a cent at $76.09 per barrel.

However, both Brent and WTI were set to gain more than 3% on a weekly basis.

Source : Qatar News Agency