INA - SOURCES

Oil prices fell back for the third day in a row on Friday as they are about to get lower by the weekend, with investors focusing on expectations of increased supplies from Libya and oil-exporting countries in the broader OPEC+ alliance.

Brent crude futures lost 57 cents, or 0.8%, to $71.03 a barrel, while US West Texas Intermediate crude futures fell 58 cents, or 0.9%, to $67.09 a barrel.

Every week, Brent crude is expected to fall back by about 4.6%, while US crude is heading for a loss of 6.6%.