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Oil prices edged lower, with Brent crude was at 72.72 dollars a barrel and US crude was at 67.33 dollars.

U.S. West Texas Intermediate (WTI) crude futures were at $67.43 a barrel, down 20 cents, or 0.3 percent from their last settlement. Brent, the global benchmark, shed 0.3% to $72.74 a barrel.

Oil prices rose more than 1% Friday as USA sanctions against Iran looked set to tighten supply.

Crude slid to the lowest in seven weeks as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand.

Gay couple say Ben Stokes did not deserve to face trial
Ali, an emergency services worker, suffered a fractured eye socket while Mr Hale, a former soldier, was left with concussion. The jury is likely to retire overnight to consider their verdict in a case that involves one other co-defendant, Ryan Ali.

Analysts polled by S&P Global Platts Monday were looking for United States crude inventories to have declined by 1.7 million barrels for the week ending August 10, with refinery runs remaining high on healthy margins and strong export demand.

Japan and South Korea, where summer consumption was bumped up by an unusual heat wave, jointly imported around 6.3 million bpd of crude in July, compared with an average of 6 million bpd in the first half of the year.

OPEC expects oil supply by countries outside the cartel to increase by 2.13 million bpd next year, 30,000 bpd more than forecast last month, with much of the increase coming from new US shale production. It has also dented emerging market stocks while curbing growth and the outlook for oil demand.

Investors are concerned about the world economy as trade disputes between escalate between the United States and its major trading partners.

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In 2017, Franklin announced she was retiring from full-on touring and public performances, preferring instead to do select dates. When asked if she would still be still be doing numbers like " Respect " and "Think", she said: "No, I shouldn't think so".

Saudi Arabia told the Organization of the Petroleum Exporting Countries that it had reduced crude output by 200,000 barrels per day (bpd) to 10.29 million bpd in July. "That's based on the view that the U.S. will allow a few temporary exception waivers.Ultimately, we could see losses from Iran exceed two million barrels a day", said Jean-Louis Le Mee, CEO of London-based Westbeck.

Oil futures fell more than $2 a barrel on Wednesday after data showed USA crude stockpiles jumped last week, compounding worries about a weaker global economic growth outlook.

Fear of a fallout contagion are overshadowing reports and the ability of shale oil process to produce profitably, as well all reports that Iran fired off an anti-ship missile in its war games in the Strait of Hormuz.

Despite the cautious mood in oil markets, bullish sentiment found some support from expectations that US sanctions against Tehran would restrict Iranian crude exports, tightening global supply.

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Stokes added he "felt under threat of immediate attack from both these men and I did what I did only in order to defend myself". Stokes, who had been placed in a police van, the court heard that Mr. "It was homophobic in nature".

The US has started implementing new sanctions against Iran, which from November will also target the country's petroleum sector. Iran is OPEC's third-largest oil producer - behind Saudi Arabia and Iraq - and now pumps around 3.65 million barrels per day, according to Reuters data.


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