2023-07-13 03:02:00
WTI rises to $75.79
Dubai – Al Arabiya.net
Posted on: July 13, 2023: 07:02 AM GST Last updated: July 13, 2023: 07:22 AM GST
Oil prices rose in early Asian trading on Thursday following inflation and economic data in the United States raised hopes for a slower pace of the Federal Reserve raising interest rates in the world’s largest economy.
Brent crude futures rose 6 cents to $80.17 a barrel by 00:04 GMT, and US West Texas Intermediate crude futures rose 4 cents to $75.79, according to Archyde.com.
US data showed on Wednesday that consumer prices rose slightly in June, recording the smallest annual increase in more than two years.
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