Oil Updates – crude struggles to steady as economic headwinds weigh on demand outlook

NEW DELHI: Oil prices struggled to push ahead on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend, according to Reuters.

Brent crude fell 9 cents, or 0.1 percent, to $78.47 a barrel by 6:53 a.m. Saudi time after settling down 54 cents on Friday.

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