Brent crude futures fell 35 cents, or 0.5%, to $75.32 a barrel at 0646 GMT, erasing Thursday's 21 cent gain. "Crude prices are having another good week despite broad weakness across commodities that stemmed from a resilient U.S. dollar," said Moya. As of Thursday, about 28% of U.S. Gulf of Mexico crude production remained offline, two-and-a-half weeks after Hurricane Ida hit. "We're going to go into more (supply) deficit conditions - that certainly seems to be the view." Preliminary data from the U.S. Energy Information Administration showed U.S. crude exports in September have slipped to between 2.34 million bpd and 2.62 million bpd from 3 million bpd in late August.

Source: The Star September 17, 2021 07:18 UTC