Oil flat as cautious investors await Fed meet, US CPI data

Top Stories
Most Popular

Panorama

Crew killed after Mi-28 military helicopter crashes in Russia

Tragic baby is born with four legs, four arms and two faces

Carmel-by-the-Sea, a town with no addresses, says the time has come to add house numbers

Instagram opens up its data for researchers to study teen mental health

South Korea’s ‘miracle’ dog rose from grave after being hit by a truck

Young pilot living her ‘dream’ dies in crash moments

Broken jar of salsa prompts closure of popular pool — and up to $20K clean-up fees

‘Kill 400 people’: Aussie snake’s wild record

Holy Kaaba's interior washing with Zamzam water mixed with rose water

Pompeii skeletons suggest earthquakes piled on cataclysmic destruction from volcanic eruption

Home Business Oil flat as cautious investors await Fed meet, US CPI data 11-06-2024 11:58 AM Ammon News - Oil prices were steady on Tuesday, as investors waited for key U.S. and China CPI data as well as the outcome of the Federal Reserve's policy meeting to glean a clearer picture of where inflation is heading and how that will affect fuel demand. Brent crude futures fell 5 cents, or 0.06%, to $81.58 per barrel by 0817 GMT and U.S. West Texas Intermediate crude futures slipped 1 cent, or 0.01%, to $77.73. Prices had climbed about 3% to a one-week high on Monday, buoyed by expectations that the Northern Hemisphere summer vacation season will boost fuel demand this summer, a gain some analysts said was likely to be short-lived given the prospect of higher interest rates remained. Reuters

Home Business

Oil flat as cautious investors await Fed meet, US CPI data

11-06-2024 11:58 AM

Ammon News - Oil prices were steady on Tuesday, as investors waited for key U.S. and China CPI data as well as the outcome of the Federal Reserve's policy meeting to glean a clearer picture of where inflation is heading and how that will affect fuel demand.

Brent crude futures fell 5 cents, or 0.06%, to $81.58 per barrel by 0817 GMT and U.S. West Texas Intermediate crude futures slipped 1 cent, or 0.01%, to $77.73.

Prices had climbed about 3% to a one-week high on Monday, buoyed by expectations that the Northern Hemisphere summer vacation season will boost fuel demand this summer, a gain some analysts said was likely to be short-lived given the prospect of higher interest rates remained.

Reuters

no comments

Notice

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.

name : *
email
	show email
comment : *
Verification code :	Refresh write code :