(MENAFN- Khaleej Times)Oil prices fell on Friday after the US central bank warned on the health of the global economy and bearish signs persisted that the world's biggest crude producers would keep pumping at high levels.

The oil market had mixed reactions to the Fed decision; a fall in the US currency also meant buying dollar-traded crude became cheaper.

Brent crude was down 80 at $48.28 a barrel at 1340GMT after touching an intraday high of $49.75. US West Texas Intermediate crude futures were trading down $1.55 or 3.3 per cent at $45.35 a barrel.