Crude oil prices are headed for their fourth consecutive losing week after slumping by some 5% on Thursday to the lowest in four months. The reason for the latest daily slump was weak economic data from the United States and China, Reuters reported, noting that both Brent and WTI had sunk to the lowest since July. "The mood is negative, the charts are negative," Phil Flynn, an analyst at Price Futures Group, told Reuters. "It's going to take something to change that mood, and until then people will ride it down until they realize it's overdone."…
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