Oil Set to End Winning Streak After Fed Says in No Rush to Cut US Rates

A general view shows an oil treatment plant in the Yarakta Oil Field, in Irkutsk Region, Russia, on March 10, 2019. Vasily Fedosenko/Reuters

LONDON—Oil prices were down on Friday and on track to end a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months.

Brent crude futures were down 94 cents, or 1.1 percent, at $83.73 a barrel at 1015 GMT on Friday, while U.S. West Texas Intermediate crude futures were 99 cents, or 1.3 percent, lower at $77.62.