Oil prices settle US$1 down as supply set to rise

HOUSTON: Oil prices retreated on Friday as investors weighed expectations of a rise in Opec+ supply starting in October, alongside dwindling hopes of a hefty US interest rate cut next month, following data showing strong consumer spending. Brent crude futures for October delivery, which expire on Friday, settled US$1.14 lower, or 1.

43%, at US$78.80 a barrel, marking a decline of 0.3% for the week and 2.



4% for the month..