Oil Slips as Kazakh Supply Concerns Ease

Oil Slips as Kazakh Supply Concerns Ease
A general view shows a local oil refinery during sunset in Omsk, Russia, on March 16, 2022. Alexey Malgavko/Reuters
Reuters
Updated:

LONDON—Oil prices slipped on Friday, with some supply concerns easing after a partial export resumption from Kazakhstan’s CPC crude terminal.

Brent crude fell $1.29, or 1.1 percent, to $117.74 a barrel at 1049 GMT and U.S. West Texas Intermediate (WTI) crude slid $1.80, or 1.6 percent, to $110.54 after both had dropped more than 2 percent the previous session.