Oil Down in Asia, on Track for Weekly Loss…LIVE NEWS UPDATE BY ROYAL TRADERS

LIVE NEWS !!!

Oil was down on Friday morning in Asia after reports that production in the Gulf of Mexico is moving closer to restarting following the halt caused by Hurricane Laura.

Brent oil futures dropped 0.95% to 43.65 by 11:39 PM ET (3:39 AM GMT) and WTI futures lost 0.97% to $40.97. Brent oil was on track to end the week with the largest weekly loss since June.

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