Oil is falling amid significant fluctuations


Oil prices turned bearish during Friday’s trading, continuing the volatile situation that controls crude, as demand and supply developments await.
Brent crude had risen earlier in the session, surpassing the $ 51 level, before falling to this level.
Oil is poised to record gains of around 3% this week, supported by a drop in US inventories more than expected last week, and speculation that OPEC and outside producers agreed to extend production cuts.
Baker Hughes later announced the development of a number of oil drilling platforms in the United States.
Brent crude futures fell 0.5% to $ 50.49 a barrel at 4:05 pm GMT.
US crude fell 0.6% to $ 47.54 a barrel.

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