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Oil Prices Dip on Weakening US Consumer Sentiment

oil prices fall

By Adedapo Adesanya Oil prices slightly went down on Friday after a survey showed weakening US consumer sentiment as investors weighed forecasts for solid crude oil and fuel demand in 2024. Brent crude futures declined by 13 cents close at $82.62 a barrel, and the US West Texas Intermediate (WTI) crude futures were down by 17 cents to settle at $78.54 per barrel. A survey showed US consumer sentiment weakened in June to a seven-month low as the University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 65.6 this month, compared to a final

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