BUSINESS

Oil Prices Fall

Oil prices sank after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures.

Brent crude fell $2.12 to $120.95 a barrel.

U.S. West Texas Intermediate crude fell $2.02 to $119.49 a barrel.

Both benchmarks remained on track for weekly gains of 1% and 0.5% respectively.

The U.S Labor Department says the annual inflation rate rose to 8.6% in May after easing in April.

Support The Readers Bureau Buy A T-Shirt Today (4 different colors)! click  https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew

Yvad Billings Readers Bureau, Contributor

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the box below or send an email to info@thereadersbureau.com,  Call us at 201-500-7715