💨 Abstract

Oil prices dropped on Friday, losing $1 per barrel, due to concerns over weaker Chinese demand and potential slowing of U.S. Federal Reserve interest rate cuts. Brent and WTI are on track for a weekly loss of 3.3% and 4.1% respectively. China's oil refiners processed less crude in October due to plant closures and reduced operating rates. The U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖