Published 17 days ago

Oil prices pare gains on U.S. inflation concerns

Summary by WTVB

By Colleen Howe BEIJING (Reuters) – Oil prices fell in early Asian trading on Monday, reversing gains from Friday as U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand. Brent crude futures fell 75 cents, or 0.84%, to $88.75 a barrel while West Texas Intermediate (WTI) futures were down 65 cents, or 0.78%, to $83.20 a barrel by 1221 GMT. “The sticky U.S. inflatio…

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Arab News

Oil Updates – prices fall 1% on Israel-Hamas ceasefire talks, US

BEIJING/NEW DELHI: Oil prices were down 1 percent on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and US inflation data further dimmed the prospects of interest rate cuts anytime soon, according to Reuters. Brent crude futures fell by as much as 98 cents, or 1.09 percent, to $88.52 a barrel by 9:44 a.m. Saudi time. West Texas Intermediate futures were down 83 cents, or…

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WTVB

Oil prices pare gains on U.S. inflation concerns

17 days ago

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Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

By Colleen Howe and Mohi Narayan BEIJING/NEW DELHI (Reuters) -Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as 98 cents, or 1.09%, to $88.52 a barrel by 0644 GMT. West Texas Intermediate (WTI) futures were down 83 cents, …

17 days ago·Port Huron, United States

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Oil prices pare gains on U.S. inflation concerns

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Oil Updates – prices fall 1% on Israel-Hamas ceasefire talks, US

Oil Updates – prices fall 1% on Israel-Hamas ceasefire talks, US

Oil prices pare gains on U.S. inflation concerns

Oil prices pare gains on U.S. inflation concerns

Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

Coverage Details

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