Oil Prices Maintain Losing Streak on Inflation Confusion ...Middle East

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Oil Prices Maintain Losing Streak on Inflation Confusion
source : OILPRICE ( Middle East ) () 40
The U.S. crude oil benchmark, West Texas Intermediate (WTI) has fallen well below the $80 mark it surpassed at the beginning of the week, with Brent crude also losing ground around $82 per barrel as inflation concerns once again took center stage.  At 1:45 p.m. ET on Wednesday, WTI was trading down 0.92% on the day, trading at $77.94, while Brent crude was trading down 0.81% at $82.21 per barrel. On Tuesday, the Federal Reserve put the brakes on oil prices when it suggested waiting months longer before implementing any rate cuts…

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