Oil prices fall as expectations of higher supplies hammer market sentiment

- Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters.

The agreement could see more than 500,000 bpd of Libyan supply return to markets, ANZ Bank analyst Daniel Hynes said. Saudi Arabia, the de facto leader of OPEC+, has repeatedly denied targeting a certain oil price, and sources at the wider group told Reuters that the plans to raise output in December do not represent any major change from existing policy.

George Clooney Gushes Over Wife Amal on Albies Red Carpet: 'So Proud to Be in the Same Room as Her' Authorities Prepare for Hurricane Helene Rescues as Floodwaters Rise The country star, who is hosting the 2024 People's Choice Country Awards, says she "put fear aside" when she struggled with vocal cord issuesMONTEVIDEO, Uruguay — Peñarol had a 0-0 draw at home against Brazil´s Flamengo on Thursday to secure a spot in the Copa Libertadores semifinals for the first time in 13 years.A crucial party election in Japan on Friday will determine the nation's new prime minister.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian manufacturing sales rose in July after market decreaseStatistics Canada says manufacturing sales rose 1.4 per cent to $71 billion in July, helped by higher sales in the petroleum and coal and chemical product subsectors.
Source: CTVNews - 🏆 1. / 99 Read more »