SINGAPORE, Nov 9 (Reuters) - Oil prices fell slightly on

Friday as the risk that a hurricane in the Gulf of Mexico will

affect U.S. oil and gas output declined while the market

continues to weigh how President-elect Donald Trump's policies

might affect supplies.

Brent crude oil futures fell 26 cents, or 0.3%, to

$75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate

(WTI) crude gained 35 cents or 0.5% to $72.01. The

benchmarks fell after rising nearly 1% on Thursday.

For the week, Brent is set to gain 3.1% while WTI is set to

rise 4.1%

Hurricane Rafael, which has caused 391,214 barrels per day

of U.S. crude oil production to be shut, is expected to move

slowly westward over the Gulf of Mexico and away from U.S.

fields while forecast to weaken from Friday and through the

weekend, the U.S. National Hurricane Center said.

Prices corrected on Friday after gaining support on Thursday

on expectations that Trump's incoming administration may tighten

sanctions on Iran and Venezuela, which could limit supply,

though a strong dollar and lower crude imports in China capping

gains.

A strong dollar makes oil more expensive for other currency

holders and tends to weigh on prices.

Downward pressure also came from data showing crude imports

in China, the world's biggest oil importer, fell 9% in October,

the sixth consecutive month showing a year-on-year decline, as

well as from a rise in U.S. crude inventories.