Crude oil prices fell sharply on Friday on easing worries about supply disruption in the U.S. Gulf of Mexico, and lowering of oil demand forecast for 2022 by the Organization of the Petroleum Exporting Countries (OPEC).
Oil prices moved higher earlier in the week, buoyed by the International Energy Agency's report that higher natural gas prices could prompt more energy consumers to switch to oil for year-end heating purposes.
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