Print

International benchmarks for crude oil settled higher on Tuesday, 13 December 2022 following the latest US consumer price index that pointed to slowing inflation in the country. The US dollar plunged against a basket of currencies on expectations that the FED will ease the pace of interest rate hikes. Meanwhile, the ongoing supply disruption at the Keystone pipeline also encouraged investors to take up risky assets.

Brent added $2.69 or 3.5% to close at $80.68/barrel. 

WTI gained 2.22% or 3% to settle at $75.39/barrel.