Oil futures ease, face weekly decline as glut fears persist

By Keith Wallis SINGAPORE (Reuters) - Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The inroads into global stockpiles of oil are not as great as anticipated," said Ric Spooner, chief market analyst at Sydney's CMC Markets. Brent crude fell 13 cents, or 0.3 percent, to $46.07 a barrel as of 0605 GMT after closing 2.1 percent lower in the previous s