Oil prices fall due to higher supply from OPEC+ group of oil exporters

OPEC +

Oil prices ended the week down for a third straight day on Friday as investors focused on expectations of more supply from Libya and the wider OPEC+ group of oil exporters.

Brent crude futures fell 57 cents, or 0.8%, to $71.03 a barrel, while U.S. West Texas Intermediate crude futures were down 58 cents, or 0.9%, at $67.09.

On a weekly basis, Brent crude futures were down about 4.6%, while WTI was on track for a 6.6% decline.

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