Oil prices ease after Norway oil worker strike ends
By Scott DiSavino NEW YORK (Reuters) - Oil prices eased on Friday after an oil worker strike in Norway ended, which should boost output, even though production was still down in the United States ahead of a hurricane. Brent futures fell 52 cents, or 1.2%, to $42.82 a barrel by 12:56 p.m.
By Scott DiSavino
NEW YORK (Reuters) - Oil prices eased on Friday after an oil worker strike in Norway ended, which should boost output, even though production was still down in the United States ahead of a hurricane.
Brent futures fell 52 cents, or 1.2%, to $42.82 a barrel by 12:56 p.m. EDT (1656 GMT), while U.S. West Texas Intermediate (WTI) crude fell 52 cents, or 1.3%, to $40.67.
Norwegian oil firms have struck a wage bargain with labour union officials, ending a strike that had threatened to cut the country's oil and gas output by close to 25% next week, negotiators for each side told Reuters on Friday.
(Additional reporting by Shadia Nasralla in London and Aaron Sheldrick in Tokyo; Editing by Marguerita Choy and Louise Heavens)
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