Crude oil prices fell 2 percent on Friday to multi-week lows as swelling Iranian exports reinforced fears of a global glut, while gasoline rallied on refinery and pipeline outages.

                     Falling U.S. equity markets  and a rising dollar  also weighed on crude futures and other commodities denominated in the greenback.

Gasoline  rose 2 percent after outages on Colonial Pipeline's main gasoline line and in a key unit of BP Plc's  refinery in Whiting, Indiana. The profit for turning crude into gasoline  hit three-month highs and pump prices for the fuel rose as well.

Brent crude futures settled down 82 cents, or 1.8 %, at $45.77 a barrel, hitting a two-week bottom of $45.48.

U.S. West Texas Intermediate crude futures  fell 88 cents, or 2 percent, to settle at $43.03 a barrel. WTI hit a five-week low of $42.74.

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