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 Gold Breaks Historic $2,500 Ceiling as Fed Rate Cut Looms READ MORE Here's what JP Morgan, Citi, and Bank of America are Predicting for the Gold Price READ MORE U.S. Deficit Skyrockets in December: A 52% Surge to $129 Billion READ MORE Japan's Central Bank Shifts Gears: Interest Rates Up, Bond Purchases Down READ MORE Gold Prices Steady After Major Sell-Off Amid China and U.S. Economic News READ MORE Add a Comment Cancel replyYour email address will not be published.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