The market was also cautious in the run-up to the December US consumer inflation data scheduled on January 11, after the country’s jobs data for the month turned out to be stronger than expected. These economic readings could be some of the key factors determining the US Federal Reserve’s upcoming monetary policy actions.
Oil settles up over 1% on large draw from US crude stocks
Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%,
December 28, 2024