Oil Prices Edge Down as Extended OPEC+ Supply Cuts Highlight Weak Demand

OIL PRICE - SINGAPORE. Oil prices edged lower on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.

Brent crude futures fell 6 cents, or 0.1%, to $72.03 per barrel by 0336 GMT. U.S. West Texas Intermediate crude futures lost 1 cent to $68.29 per barrel.