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Oil prices rise on US inventories drawdown expectations, CPI focus
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#909cfb47 ver:0.48

Oil prices rise on expectations of US inventories drawdown and focus on CPI data, with Brent crude up 4 cents to $83.40 a barrel and US WTI crude up 5 cents to $79.17 a barrel. However, concerns about high interest rates caused a drop in oil prices, with Brent crude down 1.2% to $82.38 a barrel and US WTI crude down 1.4% to $78.02 a barrel. Oil prices then rose on Wednesday as the US dollar weakened, US crude and gasoline inventories fell, and inflation data pointed to a more supportive economic outlook. Brent crude was up 51 cents to $82.89 a barrel, and US WTI crude rose 55 cents to $78.57 a barrel. #OilPrices #USInventories #CPI #InterestRates #OPEC #Demand #Inflation #USCrude #Gasoline #EconomicOutlook...

#newstr #OilPrices #UsInventories #Cpi #EconomicOutlook

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