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Oil prices fell on Friday as several OPEC+ delegates expected 543,000 bpd of output additions in October. Libya's eastern government declared force majeure on its oil fields, export terminals and crude facilities, providing some support.
Expected OPEC+ supply growth weighs on crude, lowering energy and biofuel feedstock costs, though Libyan force majeure limits the downside.
barchart.comRich AsplundAug 30, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
