Crude oil prices began Tuesday trade with a dip as traders brace up for the April inflation data, to be released on Wednesday. The data would give traders a hint about whether more rate hikes will be coming from the Fed after last week’s decision to raise the benchmark by another 25 basis points. Brent crude was trading at $76.41 per barrel at the time of writing, with West Texas Intermediate at $72.60 per barrel. Both were down from opening although by a modest margin, after posting gains of over 2% on Monday. Shut-in oil production of more…
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