Oil prices rose slightly to near mid-$110 a barrel Friday after slipping from a record at midweek as investors locked in profits from a stronger U.S. dollar. An unexpected decline in U.S. crude and gasoline inventories drove oil prices to a trading record of $112.21 a barrel on Wednesday amid concerns about inadequate supplies. But oil slipped back the next day after data from tanker tracking firm Oil Movements showed that shipments from members of the Organization of Petroleum Exporting Countries rose last week. Oil Movements' report suggests more supplies might soon come to market. Prices were also weighed down by the U.S.

Full story: chron.com