Oil dips as caution about data-heavy week offsets Mid-East war boost

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Oil dips as caution about data-heavy week offsets Mid-East war boost
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Oil dips as caution about data-heavy week offsets Mid-East war boost

© Reuters. FILE PHOTO: Maasvlakte Olie Terminal, which specialised in the storage and transhipment of crude mineral oil is seen at the Port of Rotterdam in Rotterdam, Netherlands, November 1, 2022. REUTERS/Piroschka van de WouwSINGAPORE - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East.futures dropped 98 cents, or 1.

Investors are eyeing the outcome of the Federal Reserve monetary policy meeting on Wednesday, U.S. employment data and earnings from tech giant Apple Inc for signs of any economic slowdown that could impact fuel demand at the world's top oil consumer, CMC Markets will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well.

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