Oil prices extend drop

FE Team | Published: July 05, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

LONDON, July 4: Oil prices fell further Friday on easing concerns over supply disruptions, offsetting firm demand for crude in the United States and China, traders said. Brent North Sea crude for delivery in August dipped 13 cents to stand at $110.87 a barrel approaching midday in London. US benchmark West Texas Intermediate for August slipped 16 cents to $103.90 compared with Thursday's close. Singapore's United Overseas Bank said in a client note that "supply fears begin to ease after Libya declared an end to an oil crisis that has slashed exports". — AFP