04-11-2016 08:57 via uk.news.yahoo.com

Oil set for sixth straight day of declines

By Henning Gloystein SINGAPORE (Reuters) - Oil prices were on course for their sixth straight day of falls on Friday, dragged lower by a surge in U.S. crude inventories, timid demand and doubts over the ability of producers to coordinate output cuts. Brent crude futures were at $46.21 per barrel at 0740 GMT, down 14 cents from their last close. U.S. West Texas Intermediate (WTI) futures were down 9 cents at $44.57 a barrel.
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