Oil Stuck in Narrow Range Ahead of Key US Economic Figures

-- Oil dipped ahead of key US economic data, as the market seeks a catalyst to break out of the tightest trading range in over three years.Volkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureBrent slipped below $85 a barrel and has swung in a narrow range of $1.76 so far this week, the smallest fluctuation since early 2021.

“Signals on demand remain mixed, but are generally positive given summer travel and cooling demand,” said Charu Chanana, market strategist for Saxo Capital Markets Pte in Singapore.

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