CommoPlast

Oil regained strength on higher US inflation data

Oil regained strength on higher US inflation data



International benchmarks for crude oil inched higher on Thursday, 10 June 2021 after data revealed that US consumer prices in May were higher than expected due to the strong inflation rates, which boost commodity prices.

Brent rose 30 cents to $72.52/barrel.

WTI rose 33 cents to $70.29/barrel.