But Lagarde warned declining Movement.down.loss crude prices were hitting some oil exporters particularly hard , especially Russia , Iran , Venezuela and Nigeria , leaving their economies bearish Slow.weak .

But Lagarde warned shrinking Movement.down.loss crude prices were hitting some oil exporters particularly hard , especially Russia , Iran , Venezuela and Nigeria , leaving their economies bearish Slow.weak .

`` Fear of global economic growth slowing Slow.weak -LRB- is -RRB- afflicting the entire energy complex with worries Negative_sentiment that demand growth will be bearish Slow.weak this year , '' Peter Kiernan , lead energy analyst at the Economist Intelligence Unit -LRB- EIU -RRB- , said .

The departure of Abadi 's predecessor Nuri al-Maliki and a successful formation of a unity government able to confront insurgents in Iraq would reduce Cause.movement.down.loss supply disruption Cause.movement.down.loss fears and be bearish Slow.weak for oil , brokers and traders said .

By Catherine Ngai NEW YORK -LRB- Reuters -RRB- - Global oil prices slid Movement.down.loss further on Friday , with Brent on track for the first weekly close below $ 70 a barrel since 2010 , as strong Grow.strong U.S. employment data did little to lift the oil market 's bearish Slow.weak mood a day after Saudi Arabia cut Cause.movement.down.loss official selling prices .