Global Benchmark Brent Oil Briefly Hovers Over $80 as Inflation Worries Ease

(Reuters) – Global oil benchmark Brent briefly hovered above $80 on Wednesday, buoyed by China’s pledge to reinvigorate economic growth and expectations the U.S. Federal Reserve will stop raising interest rates soon. Brent futures were up 26 cents at $79.89 a barrel by 1120 GMT, while U.S. West Texas Intermediate (WTI) crude was up 9 … Read more

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