EnergyWatch

Oil dips on economic slowdown concerns

Oil abandons the progress it made since Russia invaded Ukraine, reaching the lowest level in more than six months earlier this week before regaining some of what was lost.

Photo: HANNIBAL HANSCHKE/REUTERS / X02197

Persisting worries about economic slowdown and signs of improved US demand look set to make oil prices decline for the week on Friday.

US reference oil West Texas Intermediate holds steady on Friday at USD 90.14 a barrel against USD 90.32 Thursday afternoon, with the price having dropped 2% over the week.

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