Oil prices slumped more than 2% on Friday following a volatile trading week, as the market kept a wary eye on the latest round of OPEC+ production cuts and sluggish global manufacturing activity. Brent crude futures for February settled $1.98 lower, or 2.45%, to $78.88 a barrel on their first …
Read More »Oil Prices Dip amid Flurry of Weak European Economic Data
Oil prices dipped on Tuesday following the previous session’s slump, while a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture that could weigh on oil demand. Moving between positive and negative territory in the session, Brent crude futures were down 47 cents, …
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