Oil prices are preparing for a weekly decline

Oil prices rose today, Friday, and crude oil prices are moving to record a weekly decline on fears of global demand for black gold.

By 09:40 Moscow time, futures for US West Texas Intermediate oil rose 0.27% to $85.33 per barrel.

Brent futures rose 0.35% to $91.16 a barrel, according to Bloomberg.

Investors are bracing for an interest rate hike by the US Federal Council next Wednesday following the release of US inflation data that will cast a shadow on oil prices.

Source: RT + Bloomberg

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