Crude oil prices are likely to fluctuate this week on COVID-19 measures in China and data that could confirm whether US inflation is indeed easing, analysts said.

Crude oil prices rallied late last week on news that China had eased some restrictions related to its zero-COVID policy, which regularly shuts down large parts of the economy, and data showing that inflation in the United States fell in October has fallen from 8.2 percent to 7.7 percent in September and more than 9 percent in June.

Source link