Brent crude oil prices continue to rise!
The price of a barrel of Brent crude is trading at $77.42 in international markets.
The price of a barrel of Brent crude is trading at $77.42 in international markets.
After rising to $78.73 yesterday, the price of a barrel of Brent crude closed the day at $76.80. As of 09:53 today, the price of a barrel of Brent crude increased by 0.80 percent compared to the closing price, reaching $77.42. At the same time, a barrel of West Texas Intermediate (WTI) crude was finding buyers at $71.93.
ALL EYES ON US INFLATION
Oil prices continue to rise ahead of inflation data to be released today in the US, the world's largest oil-consuming country.
Analysts state that the Consumer Price Index data to be released in the US could shape the future interest rate decisions of the US Federal Reserve (Fed).
News Source: AA
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