November 22, 2024

Oil posts monthly decline as demand worries offset Libya supply disruptions

 Oil posts monthly decline as demand worries offset Libya supply disruptions

Oil posts monthly decline as demand worries offset Libya supply disruptions

Oil futures finished lower on Friday, posting losses for a second month in a row, with concerns over weaker demand offsetting support from a disruption of crude output in Libya that stemmed from a standoff over leadership of the country’s central bank.