Oil decline in Weekly

US oil futures closed below $ 41 / barrel for the first time since the Great Recession on Friday and recorded a weekly decline of the 8th row, the longest since 1986, after reports Baker Hughes shows the number of drilling rigs active in the US increased by 2 be 674 rigs in the week ended August 21.

Chinese manufacturing data weaker than expected and a sharp decline in US stocks also prompting concerns about the outlook for energy demand.

While in the Atlantic, Hurricane Danny was reported heading for the Caribbean. But some analysts said many of these factors will not change the overall picture of oil. Although the storm may cause the cessation of all production activities in the Gulf of Mexico, "the world will still have excess supply at least half a million barrels and that's not including the potential for additional oil supplies from Iran."