Oil prices slip, demand concerns outweigh Saudi output cut

Oil prices slip, demand concerns outweigh Saudi output cut

ALBAWABA – Oil prices slipped 0.2 percent on Thursday, to $76.80 and $72.41 on the barrel of Brent crude futures for August settlement and West Texas Intermediate (WTI) crude futures for July.

Agencies reported conflicting news on oil prices Thursday amid persistent demand concerns.