Crude oil nears $108 amid inflation concerns
pre-market1 source ↓written by the desknot a recommendation
- per barrel due
- $108
- on Friday
- 23,455.50
- rise
- 4.8%
Crude oil prices have climbed back towards $108 per barrel due to supply concerns following disruptions in Saudi Arabia's oil exports. Meanwhile, Indian markets are closed today for a holiday, with GIFT Nifty closing at 23,455.50 on Friday. Investors are awaiting India's August retail inflation data, expected to show a 4.8% rise, as they brace for the US Federal Reserve's interest-rate decision this week.
Not investment advice. For informational purposes only.