*DOW FUTURES EDGE HIGHER TO END SOLID WEEK, BANK EARNINGS IN FOCUS $DIA $SPY $QQQ 🇺🇸🇺🇸
) remains in the spotlight with the Federal Trade Commission seeking a new injunction to prevent it going through, just a few days after a federal judge rejected a similar request.
The U.K. regulator earlier Friday extended the deadline for its review of the takeover by six weeks to Aug. 29. The entertainment sector is also in the news after Hollywood actors joined screenwriters in a strike for the first time in over six decades, shuttering production in the film and TV industry.Oil prices edged lower Friday, but are still on course for their third consecutive weekly gain on the prospect of tighter supplies as well as soft U.S. inflation data.
Several Libyan oil fields, including the country’s second-largest, Sharara, were shut down on Thursday, while a suspected pipeline leak suspended exports from Nigeria’s Forcados terminal. These disruptions in supply follow last week’s announcement of additional output cuts by Saudi Arabia and Russia, and point to tighter oil markets in the coming months.
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