Economy
Oil Updates — Crude down; Harbor Energy to cut jobs due to UK windfall tax
Follow-ups -eshrag News:
Thu, 2023-01-19 11:32
RIYADH: Oil futures fell as much as 1 percent on Thursday over recession fears as a sharp decline in US retail sales and manufacturing output muddied the outlook for demand.
Brent crude futures were down 86 cents, or 1.01 percent, to $84.12 a barrel at 10.30 a.m. Saudi time, after losses of around 1 percent on Wednesday.
US West Texas Intermediate crude futures also declined 91 cents, or 1.14 percent, to $78.57 a barrel.
Oman LNG signs deals with TotalEnergies, Thailand’s PTT
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