Receive Breaking News updates as they occur
Benchmark Brent crude prices have kept within a band of $45-$50 a barrel since hitting a six-year low on Jan. 13, but analysts have not ruled out further declines as global inventories continue to rise. Data this week showed U.S. crude oil inventories had reached their highest levels since the 1930s. Brent oil futures were up 37 cents at $49.50 per barrel at 1106 GMT (6:06 a.m. ET), while benchmark U.S. WTI futures were up 42 cents at $44.95 a barrel. A Reuters survey of analysts showed on Friday that oil will likely continue falling before posting only a mild recovery in the second half of this year, with prices set to average even less in 2015 than during the global financial crisis.
COMPTON, Calif. (AP) — Death Row Records founder Marion "Suge" Knight turned himself into authorities early Friday after his attorney said the rap mogul accidentally ran over and killed a friend and injured another man as he fled attackers.
England will face Australia in Sunday's tri-series final after winning their one-day international against India at the WACA Ground in Perth on Friday by three wickets. Set a modest 201 to win after another disappointing batting effort by India, England stumbled early before recovering to edge their way to 201 for seven and win with 19 balls to spare. With the winner of the game advancing to Sunday's final, England looked in deep trouble when they slumped to 66 for five in their run chase.