OIL FALLS AGAIN

LONDON — Oil prices slipped further on Friday, heading for a weekly loss of more than 6 per cent, after a report that Washington has granted several countries sanctions waivers.

Brent crude oil was down 10 cents a barrel at $72.79 by 1400GMT. The contract has fallen by almost 12 per cent since the beginning of October, when it reached its highest since 2014. US light crude weakened by 30 cents to $63.39, down more than 13 per cent since hitting four-year highs a month ago.