SYDNEY (Reuters) - Oil prices edged lower on Friday as a surprise increase in U.S. inventories offset support from the threat of lower production in Venezuela.
International Brent crude oil futures
U.S. West Texas Intermediate (WTI) crude futures
"Price action was tempered by an unexpected rise in inventories," ANZ Bank said in a research note.
Helping to support prices, Washington signalled it could impose sanctions on Venezuela's crude exports as Caracas descends further into political and economic turmoil.
(Reporting by Colin Packham; editing by Richard Pullin)