Oil headed for worst weekly drop since Feb on US slowdown fears


Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing growth and hitting fuel demand.

Brent dipped 48 cents, or 0.6, to $81.11 a barrel by 0434 GMT. U.S. West Texas Intermediate crude (WTI) were down 60 cents, or 0.8%, at $75.12 a barrel.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Oil and gas , crude , Brent , WTI , Opec

Next In Business News

Can homes and data centres coexist safely?
Designing haze-ready homes
A new board is not the answer
Trends reshaping premium retail market
A boom centred on data centres
Malaysia’s bonds brace for bumpy ride
Seeking value in Malaysia’s tech rally
Gold holds the hedge
Fujian’s rural revitalisation
From crime cache to auction

Others Also Read