Oil prices rose and Brent recorded $73.20 per barrel

Oil prices rose today, Monday, after US data showed a slowdown in inflation, which raised hopes for further easing of monetary policies next year, supporting global economic growth and demand for oil.

Brent crude futures rose 26 cents, or 0.4 percent, to $73.20 a barrel.

West Texas Intermediate crude futures increased 31 cents, or 0.5 percent, to $69.77 per barrel.

Crude oil prices fell by more than two percent last week, due to concerns about global economic growth and demand for oil, after the US Central Bank indicated caution about further easing in monetary policy.