Oil prices fall back in global markets

Economy
  • 27-09-2024, 17:16
    • +A -A

    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%.


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