Reuters | Oil down 3 percent, set to end five-week rally as oversupply fears resurface Reuters NEW YORK (Reuters) - Oil futures plunged 3 percent on Friday, and were set to end Brent's longest multi-week rally in 16 months following profit taking and the return of oversupply concerns. “Yesterday we had Russia and the Saudis talking about ... US oil exports will keep booming after hitting record, analysts say Three likely winners in the new oil price environment Russia and Saudi reaffirm Opec oil supply cut pledge |