Oil up on lower US inflation data, hope of Federal Reserve policy easing Related news
Tamara Ceaikovski
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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