💨 Abstract

Oil prices fell on Friday, heading for a weekly loss, due to waning Chinese demand and potential slowing of the U.S. Federal Reserve's interest rate cuts. China's crude refining dropped 4.6% in October, and factory output growth slowed. retail sales increased slightly, suggesting a strong start to the fourth quarter. However, the Fed chair said the U.S. central bank doesn't need to rush to lower interest rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖