(Bloomberg) -- Oil headed for a narrow weekly gain ahead of US inflation data that will give further clues on the path forward for monetary policy.Most Read ...
-- Oil headed for a narrow weekly gain ahead of US inflation data that will give further clues on the path forward for monetary policy .Big Tech Surges in Late Hours on Blowout Earnings: Markets WrapJavier Milei Fuels Wild Rally That Makes Peso No. 1 in World
West Texas Intermediate rose toward $84 a barrel after a 0.9% gain on Thursday, with global benchmark Brent closing just above $89. The Federal Reserve’s preferred inflation gauge is due to be released later Friday, coming hard on the heels of data showing slowing US economic growth. Other gauges of price increases in the US remained hotter-than-expected.Crude has advanced this year on supply cutbacks from OPEC+ and geopolitical tensions in the Middle East and Russia.
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