Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions.
Top exporter Saudi Arabia told OPEC it raised oil output by almost 500,000 barrels per day last month, OPEC sources said, a sign Riyadh wants to make up for shortages elsewhere and dampen prices.
Brent crude LCOc1, the global benchmark, was down 76 cents at $76.63 a barrel by 1148 GMT. U.S. crude CLc1 slipped 60 cents to $72.34.
via Reuters
