Oil prices ease as weak economic data clouds demand prospects – Reuters
- Date: 06-Apr-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil prices ease as weak economic data clouds demand prospects – Reuters
TOKYO, April 6 (Reuters) - Oil prices eased in early Asian trade on Thursday after weak U.S. job openings data signalled cooling economic conditions which may hit demand.
West Texas Intermediate U.S. crude was down 14 cents to $80.47 a barrel at 2241 GMT. On Wednesday, Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a barrel.
Prices jumped by more than 6% on Monday after the Organization of the Petroleum Exporting Countries and allies including Russia, collectively known as OPEC+, pledged voluntary production cuts.
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