Oil settles at 8-month low after disappointing US job numbers
- Oil prices are poised for a fourth consecutive weekly decline due to disappointing global fuel demand growth, despite recent increases.
- Both benchmarks have fallen approximately 7.3% over the past four weeks, marking the longest streak of losses this year.
- Weaker economic data from China and reduced manufacturing activity across Asia, Europe, and the US contribute to concerns about global oil consumption.
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Total News Sources0
Leaning Left1Leaning Right6Center5Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
C 42%
R 50%
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