Concerns about weakening global economy and oil demand growth trumped simmering U.S.-Iran tensions and OPEC and allies’ rollover of the production cuts into 2020, sending oil prices early on Friday on course to book their largest weekly decline in five weeks . As of 07:09 a.m. EDT on Friday, WTI Crude was down 0.66 percent at $56.96, while Brent Crude was up 0.58 percent at $63.67. This week, despite the OPEC+ extension of the production cuts through March 2020 and despite geopolitical tension in the Middle East, oil prices were weighed down by fears of worsening economic conditions in major economies. Oil prices started the week rallying by more than 2 percent on Monday morning, after Saudi Arabia and Russia essentially spoiled in the weekend the outcome of the OPEC+ meeting that was yet to be held, when Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman […]