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 Oil prices drop amid oversupply concern

Oil prices fell on Friday, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories. Brent crude was at $51.62 a barrel at 0652 GMT, down 28 cents (0.54%) from its last close. That …

Seized Turkish oil tanker crewmen released in Nigeria

Six crew members of a tanker ship who were captured by pirates off the coast of Nigeria have been released, a lawyer for the firm Kaptanoglu Denizcilik, Fehmi Ulgener, said, adding that the freed crew members are in good …