Oil reports third straight weekly loss on OPEC+ verdict, delayed US Fed cuts; Brent dips 2.5% to $79: Buy or sell?
Crude oil prices extended losses in the previous session, reporting a third straight weekly loss as investors weighed the reassurances by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) against the latest US jobs data which lowered expectations that the US Federal Reserve will cut interest rates soon. Brent crude futures settled 25 … Read more