Brent oil heads for biggest weekly decline in 4 years

ANKARA

Brent crude was on track on Friday for its biggest weekly decline in four years as coronavirus fears continue to sustain weak global oil demand, causing a rise in the glut of crude supply on the market.

The international benchmark opened Monday at $57.85 per barrel, and fell down to $50.88 a barrel on Friday at 1225 GMT, marking a weekly decline of 12% -- the largest weekly loss since January 2016.

American benchmark West Texas Intermediate (WTI) started Monday at $52.60 a barrel and dropped to $45.80 on Friday at the same time, showing a 12.9% loss so