Mubasher: Crude oil prices declines on Friday, following jittery performance, to continue a fall to the fifth successive day and thus deepen weekly losses, amid continued supply glut.
Brent fell by $0.20 at settlement to reach $33.55 per barrel to lift its weekly losses to 10%. U.S. crude also lost $0.11 to reach $33.16 per barrel.
OPEC basket fell to its lowest level in 12 years, amid worries about oversupply, while global oil prices dropped to their weakest levels in around 11 years.
