FeaturedThai Industry NewsThailand Energy & Resources

Oil slips on US recovery fears

World oil prices weakened on Monday as recent weak economic data sparked fears about a recovery in the United States, analysts said. New York’s main contract, light sweet crude for November delivery, eased 29 cents to 69.66 dollars a barrel. Brent North Sea crude for November delivery dropped 35 cents to 67.72 dollars a barrel. “A slew of economic data (last week) rekindled worries over the prospects of a recovery in the United States,” said JBC Energy analysts in a note to clients.

ThaiVest Editorial Team
The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.

Leave a Reply