Oil extends losses after gloomier outlooks from OPEC, IEA

TOKYO: Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied.

Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 0102 GMT, having dropped half a percent the previous session. U.S. oil NSE -2.75 % was down 36 cents, or 0.6% at $57.88 a barrel, after falling by 0.8% on Thursday.