[size=36]Oil prices fall on fears of global oversupply[/size]
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Oil prices fell, on Friday, due to fears of an increase in global oversupply in the first quarter of next year, after a coordinated release of quantities of crude reserves in major consumers led by the United States.
Brent crude futures continued to decline for the third consecutive session, falling $1.69, or 2.1 percent, to $80.53 a barrel.
US West Texas Intermediate crude fell $2.04, or 2.6 percent, to $76.35 a barrel. A settlement price for US crude was not determined on Thursday due to the Thanksgiving holiday. Ended 29/A4