Brent and US crude futures tumbled on Friday to their lowest settlement prices in months, as oversupply in the Atlantic Basin and low demand outweighed worries about political tensions in the Middle East, North Africa and Ukraine. Oil prices ended the week down more than 3%, as forecasts for a supply glut in West African and European markets dragged Brent below $105 a barrel and US crude below $98. "Since June 23, the market's been going down," said Andy Lebow, vice president at Jefferies. "This looks like an extension of a pretty significant bear market."
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