Oil prices dropped by a dollar in early Asian trading on Monday, following disappointing Chinese inflation data that heightened concerns about demand, with Brent crude futures at $77.92 and U.S. West Texas Intermediate at $74.49 per barrel amid uncertainty over potential economic stimulus measures.
Dollar wobbles as markets cling to hopes for Middle East peace deal
Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on