Oil down 2%, posts weekly loss as investors see limited effect of OPEC+ supply cuts; Brent at $78/bbl
Oil prices declined more than 2 per cent in the previous session as investors remained cautious over the depth of supply cuts announced by the Organisation of Petroleum Exporting Countries and its allies (OPEC+). Concerns over sluggish global manufacturing activity also weighed on market sentiments. Brent crude futures for February settled down $1.98, or 2.45 …
