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MarketWatch 10/23/2020 14:46
Oil futures on Friday settled with a loss, as rising oil exports from Libya and ongoing worries about energy demand pulled U.S. prices below the $40 mark. Libya's National Oil Corporation said it lifted force majeure on its shipping commitments from the Es Sider and Ras Lanuf ports, Reuters reported Friday-meaning that the ports can meet contractural obligations on oil exports. Libya's "exports could surpass one million [barrels per day] in four weeks," said Marshall Steeves, energy markets analyst at IHS Markit. Libya resumed oil exports last month after the lifting of an eight-month blockade that had halted exports. December West Texas Intermediate crude fell 79 cents, or 1.9%, to settle at $39.85 a barrel on the New York Mercantile Excha.
MarketWatch 10/22/2020 14:39
Oil futures finished higher on Thursday, with a fall in U.S. jobless claims boosting expectations for an economic recovery and progress toward another round of coronavirus aid among U.S. lawmakers helping to ease worries about energy demand. Meanwhile, Russian President Vladimir Putin said his country has not ruled out delaying OPEC+ production increases that are set to be implemented in January, Bloomberg News reported Thursday, providing further support for oil prices. December West Texas Intermediate crude rose 61 cents, or 1.5%, to settle at $40.64 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this new.

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