Saturday, November 23, 2024
Oil prices ease on stronger dollar while US inflation data looms large- oil and gas 360

Oil prices ease on stronger dollar while US inflation data looms large

Yahoo Finance Crude oil prices edged lower on Tuesday, pressured by a stronger dollar, while investors shifted focus to U.S. inflation data due this week. Losses were limited, however, by escalating geopolitical tensions and hopes of improved demand this summer. Brent futures for August settlement were down 20 cents, or 0.2%, at $85.81 a barrel by 1319 GMT. U.S. crude