💨 Abstract

Oil prices fell more than 2% on Friday due to concerns about weaker Chinese demand and a potential slowing of U.S. Federal Reserve interest rate cuts. Brent crude fell around 4% for the week, while WTI declined around 5%. China's oil refiners processed 4.6% less crude in October due to plant closures and reduced operating rates at smaller independent refiners.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖