Oil Prices Start the Week With a Loss as Demand Concerns Grow ...Middle East

OILPRICE - Economy
Oil Prices Start the Week With a Loss as Demand Concerns Grow
source : OILPRICE ( Middle East ) () 70
Crude oil prices began the week with a loss, reversing the climb from last week after the latest U.S. inflation data suggested there will not be any rate cuts anytime soon. Signals from Israel that a ceasefire with Hamas is still a possibility also helped bring oil down, with Brent crude slipping below $89 per barrel in midmorning Asian trading and West Texas Intermediate at a bit over $83. On Friday, the Commerce Department reported an inflation rate of 2.7% for March in personal consumption expenditures, up from…

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