Oil Prices Declined Due to U.S. Payrolls Data
Oil prices suffered losses on Thursday following weak U.S. payrolls data as well as some profit-taking. Still, they remained supported by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude dropped 61 cents or 07% to $88.86 a barrel by 09:15 GMT. On Wednesday, Brent crude gained 31 cents. U.S. West …