SINGAPORE -Oil prices dipped on Thursday as demand concerns tied to a global economic slowdown overshadowed a pending fall in supply with Saudi Arabia's pledged output cuts. Brent crude futures fell 21 cents, or 0.3 percent, to $76.74 a barrel at 0415 GMT, while U.S. West Texas Intermediate crude futures eased 21 cents, or 0.3 percent, to $72.32 a barrel. Both benchmarks settled up by about 1 percent on Wednesday, supported by Saudi Arabia's plans for deep output cuts, though price gains remain capped by rising U.

https://business.inquirer.net/404435/oil-eases-as-weaker-demand-outlook-returns-to-focus

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