Reported about 7 hours ago
Oil prices increased on Monday as lower-than-expected US inflation data sparked optimism for potential policy easing, despite rising concerns about a supply surplus next year. Brent crude futures climbed to $73.30 per barrel, while US West Texas Intermediate rose to $69.85 per barrel. The market's recovery was bolstered by the recent passing of legislation in the US Senate aimed at ending a brief government shutdown, alongside easing worries about European oil supplies.
Source: YAHOO