Crude oil futures prices closed down on Friday in the early morning of the 11th Beijing time. Federal Reserve officials hinted on Friday that they would keep interest rates high for longer, calling into question the outlook for U.S. oil demand.

West Texas Intermediate (WTI) futures for June delivery closed down 1% on the New York Mercantile Exchange.Play2earnblockchaingames.00 US dollars, down 1.Play2earnblockchaingames.26% to 78.26 US dollars per barrel, up 0.19% this week.

Lorie Logan, president of the Dallas Federal Reserve Bank, said it was not clear whether the policy was tight enough to bring inflation down to the Fed's 2 per cent target.

Atlanta Fed President Raphael Bostick (Raphael Bostic) also saidPlay2earnblockchaingamesHe believes that under current monetary policy, inflation is likely to slow, allowing the central bank to start cutting policy interest rates in 2024, although it may be only 1/4 percentage points, which will not be cut until the final months of the year.

John Kilduff, a partner at Again Capital LLC, saidPlay2earnblockchaingamesTwo Fed spokesmen seem to be skeptical about the prospect of a rate cut. "

Higher interest rates usually slow economic activity and weaken oil demand.