Brent crude headed for a weekly decline before the scheduled reopening of ports in Libya, holder of Africa’s biggest oil reserves.
Futures dropped as much as 0.4 percent in London, having lost 2.9 percent this week. Terminals in eastern Libya will resume on Dec. 15 after a four-month halt, Brigadier Idris Bukhamada, head of the country’s Petroleum Facilities Guard, said Dec. 10. West Texas Intermediate may fall in coming days amid speculation the Federal Reserve will taper bond buying as soon as next week, according to a Bloomberg News survey.
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