• Brent and WTI contracts post a weekly decline
  • US consumer sentiment improves in October
  • IEA revises oil demand forecast and warns of recession
  • OPEC+ supply cuts appear to be bottoming out prices

NEW YORK, Oct 14 (Reuters) – Oil prices plunged more than 3% on Friday as global recession fears and weak oil demand, particularly in China, outweighed support from a big cut to OPEC+’s supply target.

Brent crude futures fell $2.94, or 3.1%, to $91.63 a barrel, while US West Texas Intermediate…

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