The price of oil is falling on the statistics of inflation in the US

MOSCOW, September 13 – PRIME. World oil prices on Tuesday evening are falling by more than 1.5%, investors are evaluating inflation statistics in the United States and a possible response from the financial regulator, follows from the trading data and expert commentary.

OPEC noted the decline in oil reserves in developed countries

As of 18.50 Moscow time, the price of November futures for Brent crude oil falls by 1.68%, to $92.42 per barrel, October futures for WTI – by 1.37%, to $86.58.

In August, annual inflation in the US amounted to 8.3% after 8.5% a month earlier, while analysts had expected an even greater decline in the figure – to 8.1%.

A relatively weak slowdown in inflation fuels expectations that the US Federal Reserve will be more resilient in tightening monetary policy, which, based on common macroeconomic assumptions, will be negative for economic growth.

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“It appears that the risk of a slowdown in the US economy due to the actions of the Fed remains, and this does not bode well for the medium-term prospects for crude oil demand,” Edward Moya, senior market analyst at broker Oanda, told Bloomberg.


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