Summary In London, Brent North Sea crude for October delivery was trading at $45.16 a barrel
NEW YORK (AFP) - An oil market selloff Friday pushed US benchmark West Texas Intermediate below $40 a barrel briefly, a level last seen in March 2009.
WTI for October delivery, in the futures contract s first day of trade, quickly rebounded, hitting $40 a barrel on the New York Mercantile Exchange around 1715 GMT, a decline of $1.32.
In London, Brent North Sea crude for October delivery was trading at $45.16 a barrel, down $1.46 from Thursday s settlement and its lowest level since March 2009.
Oil headed for its eighth straight weekly decline, as sliding stock markets worldwide added to worries that lackluster global economic growth will hurt energy demand in an oversupplied market.
