- Oil fell about 2% on Libyan output, COVID-19 demand concerns.
- Oil fell nearly 2% on Friday, finishing lower for the week, in anticipation of a surge in Libyan crude supply and demand concerns caused by surging coronavirus cases in the United States and Europe.
- A surge in new COVD-19 cases in the US and Europe leads to a fall in oil prices.
Crude prices sank after Libya’s National Oil Corp (NOC) said it lifted force majeure on exports from key ports and output would reach 1 million barrels per...