Supply factors pull oil prices lower early Friday

The prospects of growing supplies of oil on the market offset the latest OPEC chatter on rebalancing efforts to push oil prices lower in early Friday trading. Oil drifted around in volatile trading Thursday as key economic indicators bounced off underlying questions about the gap between oil supplies and global demand. Libya and Nigeria, two struggling members of the Organization of Petroleum Exporting Countries, are showing signs of recovery at a time when there are indications that global economic growth is slowing down. The price for Brent crude oil was…

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