Crude also came under pressure from a strong dollar and rise in US crude inventories reported this week
London — Oil fell to about $78 a barrel on Friday on the prospect that Opec+ producers might step up a planned increase in output to ease supply concerns, though crude remained in sight of a three-year high reached this week.
Beyond October, “a faster ramp-up in Opec+ production cannot be excluded,” said Stephen Brennock of oil broker PVM. “The prospect of $80 oil does not sit well with the producer group.” Crude also came under pressure on Friday from a strong dollar and rise in US crude inventories reported this week.
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