Oil prices tumbled on Friday although the US dollar pared its earlier gains as the oversupply in the market continued to worsen oil outlook.
The dollar gained after the US nonfarm payrolls data that showed American employers added 215,000 jobs last month, while unemployment remained at its record low of 5.3 percent.
However, the dollar pared its earlier gains to hover around 97.87, after hitting a peak of 98.41.
Eyes will focus on the weekly rig count by Bake Hughes due later in the day, amid signs shale production will increase their output more than expectations.
Weak Chinese demand on the other hand has also put additional pressure on oil prices, sending them to near six-month low.
Crude oil futures for September delivery fell to a low of $43.93 a barrel, while currently trading around $44.40.
Brent crude resumed its drops for a third straight session to trade around $49.03, after hitting a low of $48.55.