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Oil fall as US storm-hit supply makes slow return

SINGAPORE: Oil prices fell on Friday as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, but both benchmark contracts were on track for weekly gains of more than 3% as recovery in output is seen lagging demand.

Brent crude futures fell 35 cents, or 0.5%, to $75.32 a barrel at 0646 GMT, erasing Thursday's 21 cent gain.

U.S. West Texas Intermediate (WTI) crude futures were down 42 cents, or 0.6%, at $72.19 a barrel, after settling unchanged in the previous session.

"Oil prices are slightly softer as offshore U.S. production continues to slowly return, and as return to normal across large parts of Asia hit some road bumps, and as some countries still struggle to contain the delta variant (of the coronavirus) spread," sa

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