Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl

Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling.

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Published: 27 Apr 2024, 07:42 PM IST

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Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl

Ganesh

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