Mubasher: Oil prices recorded its sixth consecutive weekly decline, after a mixed performance.

Nymex futures for December delivery rose 0.7% and settled on Friday at the level of $56.46 per barrel.

Anticipation for a possible output cut by OPEC failed to provide the needed support for oil prices, as American crude posted 6.2% weekly losses.

Oil rigs in the United States increased by one, bringing te total number of active oil and natural gas drilling rigs to 1,082, as shown by the weekly report issed on Friday by Baker Hughes.