TOKYO, July 16 (Reuters) - Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning as more countries recover from the pandemic.

SINGAPORE (Reuters) - The dollar headed on Friday for its best weekly gain in about a month, supported by buying on investor worries about quicker U.S. interest rate increases and by rising virus infections, while a hot inflation reading lifted the New Zealand dollar.

TOKYO, July 16 (Reuters) - Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish U.S. rates outlook kept bond yields near multi-month lows.

SINGAPORE, July 15 (Reuters) - Oil prices fell more than 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as U.S. fuel stocks rose, raising concerns about demand in the world's largest consumer.

SINGAPORE, July 15 (Reuters) - The dollar retreated from recent peaks on Thursday, following further reassurance from Federal Reserve chair Jerome Powell that he was in no rush to tighten policy, though losses were kept in check by investor nerves ahead of Chinese growth data.

TOKYO, July 15 (Reuters) - Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was "still a ways off" from levels the central bank wanted to see before tapering its monetary support.