Brent crude futures were down 37 cents, or 0.4%, at $95.45 a barrel by 101:5 GMT, while US West Texas Intermediate (WTI) was down 68 cents, or 0.8%, at & #036;88.06 a barrel. Both indexes were headed for a second straight weekly decline, with losses of nearly 3% each. Brent and WTI have already fallen by 16% and 13% respectively, last week.

Brent crude futures were down 37 cents, or 0.4%, at $95.45 a barrel by 101:5 GMT, while US West Texas Intermediate (WTI) was down 68 cents, or 0.8%, at & #036;88.06 a barrel. Both indexes were headed for a second straight weekly decline, with losses of nearly 3% each. Brent and WTI have already fallen by 16% and 13% respectively, last week.