Money and business
Oil prices rise driven by US data on slowing inflation
Oil prices rose today, Monday, along with other high-risk assets, after US data showed a slowdown in inflation, which raised hopes for further easing of monetary policies next year, in a way that supports global economic growth and demand for oil.
Brent crude futures increased 26 cents, or 0.4%, to $73.20 per barrel.
West Texas Intermediate crude futures rose 31 cents, or 0.5%, to $69.77 a barrel.
Crude oil prices fell by more than 2% 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.
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