Crude oil prices were trading on Friday near their lowest levels in four years with risks of rising glut of supply and coronavirus-related low demand. 

International benchmark Brent crude was trading at $33.93 per barrel at 0700 GMT for a 3.2% gain after closing Thursday at $32.86 a barrel with a 8.2% loss.

American benchmark West Texas Intermediate was at $32.14 a barrel at the same time for a 3.5% increase after ending the previous session at $31.05 per barrel with a 5.8% decline.

Both benchmarks were trading Friday around their lowest levels since February 2016, according to official

Read more: Oil around four-year lows with oversupply, coronavirus