Oil prices extend decline

LONDON, July 31: Oil prices extended their decline Friday with no sign of an end to a global supply glut. US benchmark West Texas Intermediate for September delivery fell 86 cents to $47.66 a barrel. Brent North Sea crude for September shed 62 cents to $52.69 a barrel in afternoon London deals. Both contracts tumbled on Thursday, snapping two consecutive days of gains.    
    —AFP