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.
Brent LCOc1 fell 15 cents to settle at $43.15 a barrel, but rose 8.3% for the week. U.S. oil futures CLc1 rose 14 cents to settle at $41.11 a barrel, and gained 10.1% for the week.
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.