Oil prices fall as supply concerns ease | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

  • Date: 13-Oct-2020
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Oil & Gas
  • Country:GCC
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Oil prices fall as supply concerns ease | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Reuters

LONDON (Reuters) - Oil prices fell on Monday as force majeure at Libya's largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta.

Brent crude was down 41 cents to $42.44 a barrel by 0650 GMT and U.S. West Texas Intermediate was at $40.18, down 42 cents.

 

"It's all about ending production disruptions ... (which) are not helpful in