US Inflation Rises 3.8% Year Over Year

US inflation rises 3.8% year over year in April The April US inflation data showed a year-over-year increase of 3.8%. This number is higher than the 3.3% increase seen in the previous period. The inflation rate was largely in line with consensus estimates,

WTI Futures Correct Near $97.20

WTI futures correct to near $97.20 West Texas Intermediate futures on NYMEX have corrected to near $97.20 during the European trading session. The correction comes as escalating hawkish Federal Reserve bets have raised concerns over oil demand. The oil price had