New Delhi, Jan. 16 -- Crude oil prices declined on Friday, extending losses from the previous session, as worries over supply disruptions eased with the reduced likelihood of a U.S. strike on Iran.

Brent crude slipped 21 cents, or 0.3%, to $63.55 a barrel, while U.S. West Texas Intermediate fell 15 cents, or 0.3%, to $59.04 a barrel.

Meanwhile, back home, on the Multi-Commodity Exchange, February crude oil contracts were trading flat at Rs.5,366 per barrel, tracking subdued global cues.

On Thursday, crude oil prices closed about 4% lower, snapping a five-session rally after US President Donald Trump said the crackdown on protesters in Iran was easing. Brent crude futures fell $2.76, or 4.15%, to settle at $63.76 a barrel, while US West...