Crude oilNSE 0.79 % prices toggled between gains and losses as anxious traders weighed a slowdown in the global economy with increasing tensions in OPEC member Venezuela.
Futures fell as far as 1.5 per centin New York but later pared much of the losses, joining the volatility in equity markets. A closely watched gauge of US Treasuries inverted on Friday, signaling a recession, may be in the offing. Yet, a US warning to Russia not to intervene in Venezuela brought a reminder of fragile global supplies, and a decline in the dollar also aided crude prices.
