Oil hits two-week lows as growing supplies stoke glut concerns

By Karolin Schaps LONDON (Reuters) - Oil prices fell to roughly two-week lows on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria fuelled concerns that the global glut will persist. U.S. West Texas Intermediate futures were down 73 cents, or 1.7 percent, at $43.18 a barrel, a two-week low. "We've seen a lot of bearish news this week: Libya, Nigeria, sceptical monthly reports from the IEA and OPEC and large stockbuilding in the U.S., so weak fundamentals are