Oil prices steady on US inflation data

Washington, June 28 (BNA): Oil prices remained stable on Friday after US inflation data for May largely aligned with expectations.


Brent crude futures for August, set to expire on Friday, June 28, rose by 34 cents, or 0.4%, to $86.73 per barrel. The September Brent contract also increased by 0.39% to $85.59 per barrel.


US West Texas Intermediate (WTI) crude futures climbed 32 cents, or 0.4%, to $82.06 per barrel.


Both benchmark crude prices have risen approximately 2% since the start of the week and are on track for monthly gains of over 6%.


 


M.A.






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