Oil Falls After An Aimless Session Centered on Slowdown Fears
- OPEC+ considering output reduction next week, delegates say
- Equities drop more than 2% after Fedspeak signals more cuts
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Oil fell with sinking equities following fresh signals of economic tightening ahead, offsetting the bite of any potential OPEC+ supply cuts.
West Texas Intermediate edged lower to settle near $81 a barrel after floundering in a $3 range on Thursday. Crude was pressured by stock market fluctuations after equities plunged at the open as Federal Reserve officials doubled down on future rate hikes.