Baghdad balances News
Oil prices fell on Friday on fears that the continuing rise in the number of US rigs and lead to the return of Libyan and Nigerian exports to strengthen global supply glut of crude.
By 06:43 GMT, it was the World London Brent crude traded in the futures price of $ 46.20 a barrel, down 39 cents, or 0.8 percent from the previous settlement price.
And we went down the price of WTI US mediator in futures 36 cents, or 0.8 percent, to $ 43.55 a barrel.
He said the Australian bank ANZ in a note, "the focus will shift to drilling activity in the United States, where he is expected to give rise to a further increase in the number of drilling rigs fears of recovery of the US production."
It is scheduled to Baker Hughes data due to the number of US rigs in the week ending Sept. 16, on Friday.
And it helped US crude prices above $ 40 a barrel since the beginning of August to support the growth of the number of drilling rigs in the United States.
She said US companies drilling seven rigs to drill for oil in the week ending on the ninth of September, the total number of rigs to reach 414.
Traders said the resumption of supplies from Libya, Nigeria will hinder the return of balance to the global crude market, including a negative impact on morale.
National Oil Corporation of Libya said on Thursday that the country will resume oil exports from some of the major ports controlled by forces loyal to Khalifa Haftar in recent days and raised the case of force majeure.
Trade sources said on Thursday that Exxon Mobil has a ready pipeline to export crude Kwa patriarchal Nigerian is expected to load the first shipment at the end of September Oilol.anthy 29