The prices of oil soar this Wednesday April 11 and reach their highest value in 2 monthsafter meeting the US inflation datawhich are likely to influence the policy of the Federal Reserve about raising interest rates.
The crude Brent rises 2.5%, to $87.31 the barrel. For his part, he West Texas Intermediate in the United States (WTI) increases by 2%, to $83.19 the barrel.
Prices climbed about 2% on the eveamid optimism about the possibility that the Fed is getting closer to ending its rate hike cyclewhich would lower the price of oil in dollars for buyers with other currencies.
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Inflation in the US rises to 5% per year, below the expected 5.2% and 6% in February. News that the US Federal Reserve (Fed) will aim at its next interest rate meeting in May.
Meanwhile, data from the American Petroleum Institute (API) showed that crude oil inventories in United States increased by about 380,000 barrels in the week ending April 7, according to the sources, versus forecasts by eight analysts polled by Reuters for a decline of 600,000 barrels.
At the same time, the gasoline inventories increased by about 450,000 barrelsaccording to the API report, while analysts expected a decline of 1.6 million barrels.
The market is also awaiting monthly reports from the Organization of the Petroleum Exporting Countries (OPEC) and of the International Energy Agencywhich will be published on Thursday and Friday, respectively.
Source: Ambito
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