Oil Prices Tread Water as Market Anticipates US Inflation Insights Oil prices remained relatively stable, with Western Texas Intermediate futures slightly declining to close just below $78 per barrel, after experiencing the lowest intraday price in two weeks. This cautious market movement comes as investors await US inflation data, which, if higher than anticipated, could complicate the Federal Reserve’s monetary policy decisions. Additionally, key oil market reports from the International Energy Agency (IEA), the Organization of the Petroleum Exporting Countries (OPEC), and the US are expected to be released this week, potentially influencing future oil price trajectories. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Florida's Housing Market Sees Price Drop Amid Insurance Crisis READ MORE How China's Youth Are Reviving the Precious Metal Market READ MORE Currency Markets Hold Steady as Traders Eye U.S. Inflation Data READ MORE Gold Surges as Weak US Jobs Data Fuels Rate Cut Expectations READ MORE Zimbabwe Keeps Interest Rate at 20%, Predicts Inflation Below 5% by Year-End READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment