"Impending impasse" falls at the price of oil


Oil prices fell on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, amid a slump in global equities and trade that overshadows fuel demand forecasts.
London Brent crude futures fell 49 cents, or 0.6 percent, to $ 76.40 a barrel by 06:49 GMT.

And Brent on a weekly loss recording path of more than 4 percent.

US crude fell 59 cents, or 0.9 percent, to $ 66.74 a barrel. Measuring crude is heading for a 3.5% loss this week.