Oil prices fall amid expectations of increased supplies

Oil prices fell for the third day in a row in early Asian trading, today, Friday, and are heading to end the week lower. Brent crude futures lost 57 cents, or 0.8 percent, to $71.03 a barrel, while US West Texas Intermediate crude futures fell 58 cents, or 0.9 percent, to $67.09 a barrel. On a weekly basis, Brent crude is expected to fall by about 4.6 percent, while US crude is heading for a loss of 6.6 percent. Source: National Iraqi News Agency