Oil futures fell in Asian trade on Friday as oversupply and a strengthening dollar weighed on sentiment, although another fall in U.S. oil output in January helped to limit the losses.
Brent crude for June delivery fell 27 cents to $40.06 a barrel as of 0320 GMT. The May contract, which expired on Thursday, settled up 34 cents at $39.60 a barrel.
Brent jumped 6 percent in the first quarter, its first quarterly increase since rising 15 percent in the second quarter of 2015.
