Oil prices extended losses for a second day Friday as investors abandoned bullish positions amid mixed economic data, cooling tensions in Eastern Europe and perceptions that the world’s oil supply is more than adequate. Light, sweet crude for October delivery fell $1.16, or 1.2%, to settle at $93.29 a barrel on the New York Mercantile Exchange. Prices for the global Brent contract fell $1.01, or 1%, to $100.82 a barrel on the ICE Futures Europe exchange. Both contracts have been on a pronounced slide since mid-June as the geopolitical strife that stoked fears of supply disruptions earlier in the year has so far proved an unfounded threat, and supplies have mounted amid increasing production in the U.S., Libya, Iraq and elsewhere. There was little in the way of fundamental drivers for the market Friday, with no major news about supply-demand balances, and the disappointing U.S. jobs report had little […]