Market sentiment fell on Friday after eastern Libyan commander Khalifa Haftar announced he would lift his blockade of oil output for one month. The blockade slashed Libyan production to just over 100,000 barrels per day now from around 1.2 million bpd previously.
NEW YORK: Oil prices were unchanged on Friday, weighed after a Libyan commander said a blockade on the country's oil exports would be lifted for a month, while supportive signals from an OPEC+ meeting lifted futures.
Both the U.S. and Brent crude benchmarks posted weekly gains after Saudi Arabia pressed allies to stick to production quotas, Hurricane Sally cut U.S. production, and banks including Goldman Sachs predicted a supply deficit.
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