Oil Prices Drop on Weak Economic Data, Interest Rate Worry

Oil prices dropped on Thursday amid disappointing economic data from key economies and as investors await a speech by US Federal Reserve Chair Jerome Powell on Friday for clues on interest rates.

Brent crude fell 19 cents, or 0.2%, to $83.02 a barrel.

US West Texas Intermediate crude dropped 24 cents, or 0.3%, to $78.65 a barrel.

Source: Qatar News Agency