World oil prices ran out of steam Friday after six days of gains, amid concerns about abundant global supplies, heightened by quota-breaking OPEC production.
West Texas Intermediate (WTI) for delivery in May sank 97 cents to close at $55.74 a barrel on the New York Mercantile Exchange.
Brent North Sea crude for June delivery, the global benchmark, settled at $63.45 a barrel in London trade, down 53 cents from Thursday’s closing level.
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