Oil up on lower US inflation data, hope of Federal Reserve policy easing Related news
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ISTANBUL Oil prices increased on Monday, driven by expectations of further US Federal Reserve (Fed) policy easing following lower-than-expected US inflation data. The international oil benchmark of Brent crude increased by 0.20% to $72.79 per barrel at 11.40 a.m. local time (0840 GMT), up from the previous session's close of $72.64. The US benchmark West Texas Intermediate also rose by 0.17% to $69.59 per barrel, compared to $69.47 at the close of the prior session. Both benchmarks rose as a
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