Oil slips on weak US factory data

Sharp declines seen in demand for machinery and electrical equipment

Oil price: Brent crude futures lost 68 cents, or 1.1%, to $62.07 a barrel by 11:14 am EST — Oil price: Brent crude futures lost 68 cents, or 1.1%, to $62.07 a barrel by 11:14 am ESTPhoto: REUTERS/SCANPIX

Reuters

Production Opec Venezuela West Texas Intermediate PDVSA

Published 4 February 2019, 17:38Updated 4 February 2019, 17:38