Benchmark Brent crude oil futures opened Friday's trading with losses, opening at US$49.15 a barrel at 0100 GMT but falling to US$48.95 by 0200 GMT - AFP Photo.
SINGAPORE: Oil prices dipped in early trading on Friday following slight gains in the previous sessions, and analysts said the outlook remained weak with production high and producers reducing operating costs to adjust to lower export revenues.
Global oil prices firmed slightly on Thursday, but not before US crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to record-high US oil inventories.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
