Oil grades fall as US supply expected to rise, refinery demand slips
Dealers said grades broadly fell as domestic output is set to rise while refinery demand weakened. Baker Hughes said US energy firms added rigs for a second straight week, first since July.
Oil grades broadly fell on Friday, dealers said, as domestic output is set to rise while refinery demand weakened. US energy firms added rigs this week for a second week in a row, the first such stretch since July, energy services firm Baker Hughes NASDAQ:BKR said in its Friday report. Oil rigs rose by two.