A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. Oil prices fell more than 1 percent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fueled concerns that the global glut will persist. Benchmark Brent crude futures fell below the $46-a-barrel mark, trading down 1.4 percent at $45.95 a barrel, down 64 cents day on day, at 0825 GMT (05:25 a.m. EDT). U.S. West Texas Intermediate futures were down 55 cents, of 1.25 percent, at $43.36 a barrel. Both contracts have fallen 8-9 percent in just one week, underlining how volatile the oil market currently is. “We’ve seen a lot of bearish news this week: Libya, Nigeria, skeptical monthly reports from the IEA and OPEC and large stockbuilding in the U.S., so weak fundamentals are weighing on the […]