SINGAPORE: OilNSE -1.64 % prices fell on Friday after the European Central Bank (ECB) warned economic weakness would continue and as US crude output and exports chase new records, undermining efforts by producer club OPEC to tighten global markets.
US West Texas Intermediate (WTI) crude oil futures were at $56.39 per barrel at 0122 GMT, down 27 cents, or 0.5 per cent, from their last settlement.
Brent crude futures were at $65.96 per barrel, down 34 cents, or 0.5 per cent.
