Oil prices down as Fed officials continue to push back on timing of rate cuts

Oil futures fell Friday and were on track for weekly declines after another Federal Reserve official poured cold water on prospects for near-term rate cuts.Price action West Texas Intermediate crude for April delivery CL00, -1.46% CL.1, -1.46% CLJ24, -1.46%fell $1.14, or 1.5%, to $77.47a barrel on the New York Mercantile Exchange. WTI was on track for a 1.3% weekly fall. April Brent crude BRN00, -1.31% BRNJ24, -1.39%,the global benchmark, was down $1.13, or 1.4%, at $82.54 a barrel on ICE Future