Oil prices were lower today closing out the week down despite indications of healthy fuel demand and supply concerns stemming from the Middle East tensions. Federal Reserve policymakers should delay U.S. interest rate cuts by at least another couple of months, Fed Governor Christopher Waller said on Thursday, which could slow economic growth and curb oil demand. The Fed has held its policy rate steady in a 5.25% to 5.5% range since last July. Minutes of its meeting last month show most central bankers were worried about moving too quickly to ease policy. “The entire energy complex is reacting, because if inflation begins to come back it will slow demand for energy products,” said Tim Snyder, economist at Matador Economics. “That is not something the market wants to digest right now, especially as it is trying to figure out a direction,” he added. WTI traded down $2.12 or -2.7% to close at $76.49. Brent traded down $2.05 or -2.5% to close at $81.62.