Investing.com – Oil was sharply lower Friday on ongoing supply concerns with U.S. rig count data due.
U.S. crude was down 72 cents, or 1.64%, at $43.19 at 07:00 ET, while Brent crude fell 1.67% to $45.81.
Returning exports from Libya and Nigeria after disruptions have added to persistent glut worries.
Baker Hughes U.S. rig count data are scheduled for release later in the session.
The number of rigs operating in the U.S. rose by seven to 414 in the week to September 9, the highest level since February.
The dollar index was higher. A stronger dollar depresses demand for oil.