Oil prices rise slightly ahead of US inflation statistics release

Global oil prices almost didn’t change on April 12 morning before the publication of statistics on inflation in the United States, reported from the auction data.

The price of June futures for Brent crude rose slightly by 0.07%, to $85.67 per barrel, May futures for WTI also grew by 0.07%, to $81.59.

Data on inflation in the US for March will be published on April 12. Analysts expect inflation to slow down to 5.2% in annual terms from 6% a month earlier. In the evening, statistics on commercial oil reserves in the country for the week to April 7 will be released. Reserves are projected to fall by 1.3 million barrels.

Markets are also awaiting the publication of the minutes of the March meeting of the US Federal Reserve. Investors hope to find clues about the regulator’s future plans in the document. According to the CME Group, 71.8% of analysts expect the Fed to raise the discount rate by another 25 basis points in May, to 5-5.25%.

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