Erasing earlier losses, oil prices rose on Thursday, shortly after the US Bureau of Labor Statistics released data for October showing that inflation in the United States was lower than expected last month.
Oil prices recouped the day’s small losses after cooler-than-expected inflation data, up more than 1% as of 8:50am ET. the US benchmark, WTI Crude Oilrose 1.50% to $87.05, outperforming the international benchmark Brent crude oilRally 1.45% at…
