Oil prices rose in early Asian trading, today, Thursday, after inflation and economic data in the United States raised hopes for a slower pace of the Federal Reserve to raise interest rates in the world’s largest economy.
Brent crude futures rose 6 cents to $80.17 a barrel.
West Texas Intermediate crude futures rose 4 cents to $75.79.
Yesterday, Wednesday, US data showed that consumer prices rose slightly in June, recording the lowest annual increase in more than two years.
Source: National Iraqi News Agency