Oil was poised to post its biggest weekly loss in more than a month as Brent fell below $102 per barrel, pressured by ample supply and a sluggish recovery that could dent demand for fuel, Reuters reported. Brent fell 52 cents to $101.92 a barrel. U.S. crude 10-year U.S. Treasury note was up 4/32 in fell 81 cents to $93.44 a barrel. The benchmark price to yield 2.0001 percent. Global equity markets slipped on Friday on worries that the U.S. Federal Reserve may curtail its stimulus measures, while the dollar recovered against the euro to trade almost flat after better-than-expected U.S. durable goods data for April. Wall Street fell and was heading toward its first weekly decline since mid-April, and stocks in Europe also declined after testimony by Fed Chairman Ben Bernanke earlier this week sparked speculation the U.S. central bank will soon trim its support for the economy. The Fed's purchase of Treasuries and mortgage-backed securities, being conducted at a monthly pace of $85 billion, has been a boon to equities markets and other riskier assets. MSCI's all-country world equity index fell 0.31 percent, while Europe's broad FTSE Eurofirst 300 index of leading shares fell 0.3 percent to 1,226.27. On Wall Street, the Dow Jones industrial average was down 56.75 points, or 0.37 percent, at 15,237.75. The Standard & Poor's 500 Index was down 9.52 points, or 0.58 percent, at 1,640.99. The Nasdaq Composite Index was down 18.72 points, or 0.54 percent, at 3,440.70. -- SPA 18:52 LOCAL TIME 15:52 GMT تغريد
