Mubasher: Oil futures settled down on Friday, shedding 2.6% for the week.
April Nymex WTI declines $1.42, or 2.5%, to close at $55.8 per barrel.
In February, Oil production by the Organization of Petroleum Exporting Countries (OPEC) hit its lowest levels in four years, reaching 30.68 million barrels per day (bpd).
Source:
Mubasher
