Oil prices fell more than 1 percent on Friday, set for a second straight week of decline as Libyan ports reopen and amid hopes that Iran will still export some crude despite U.S. sanctions. Brent crude LCOc1 was down $1, or 1.3 percent, at $73.45 a barrel by 0840 GMT, heading for a weekly fall of around 4 percent. U.S. benchmark West Texas Intermediate crude CLc1 lost 22 cents to $70.11, set for a weekly decline of around 5 percent. Oil approached $80 in June and early July due to Libyan and Venezuelan supply disruptions and fears the United States would press all buyers of Iranian oil to cut imports to zero from November. But prices weakened in recent days as OPEC member Libya […]