Muscat: Oil prices slipped in early trade today, extending losses from last week. Brent futures fell 20 cents, or 0.3%, to $74.23 per barrel, while US West Texas Intermediate crude futures lost 28 cents, or 0.4%, to $70.12 a barrel.

According to Oman News Agency, both contracts dropped by more than $2 on Friday, posting weekly declines as well.