Brent crude fell 24 cents, or 0.6 percent, to $ 42.22 a barrel by 06:34 GMT, after rising 1.7 percent on Thursday, while US crude fell 28 cents, or 0.7 percent, to $ 40.36 a barrel after it gained 1.5 percent in the previous session. .
The two benchmarks are on their way to their first weekly loss in 3 weeks.
The final debate between US President Donald Trump and his Democratic rival, Joe Biden, did not immediately have a tangible effect on prices, although the latter’s clean energy plans shed light on oil companies and stocks.
Putin said, Thursday, that Russia does not see a need to change an agreement between major oil producers on reducing global supplies, but he did not rule out extending oil production cuts if market conditions justify this.
Putin’s statements are the most clear yet from Russia, one of the world’s largest oil producers, of its willingness to continue unprecedented production cuts in the face of declining demand caused by the Coronavirus and glut of production.
Source: Russia Today