Oil prices slipped in early Asian trade on Thursday as weak manufacturing data in major economies outweighed optimism around a larger-than-expected drop in U.S. crude stocks. Markets are also looking for hints on the outlook for how long interest rates will remain at current levels ahead of a speech by Federal Reserve Chair Jerome Powell at a central bank symposium in Jackson Hole, Wyoming, starting on Thursday. Brent crude fell 27 cents, or 0.3 percent, to $82.94 a barrel by 0002 GMT, while U.

https://business.inquirer.net/417482/oil-prices-fall-on-weak-economic-data-interest-rate-worry

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