Jan 16 : Oil prices fell in Asian trade on Friday, extending losses from the previous session, as concerns about supply risks eased after the likelihood of a U.S. strike on Iran receded. Brent was down 21 cents, or 0.3 per cent, to $63.55 per barrel, while U.S. West Texas Intermediate fell 15 cents, or 0.3 per cent, to $59.04 per barrel at 0418 GMT. Both Brent and WTI rose to multi-month highs this week after protests flared up in Iran and U.S. President Donald Trump signalled the potential for

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