Oil gains as cooling US inflation points to possible easing

Quick Summary:

SINGAPORE: Oil prices rose on Monday as lower-than-expected U.S.inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market.

The European Commission said it was ready to discuss with Trump how to strengthen what it described as an already strong relationship, including in the energy sector.

President Donald Trump on Friday urged the European Union to increase U.S.oil and gas imports or face tariffs on the bloc's exports.

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Category: EconomyBusiness

Markets: MalaysiaBelarusChinaCzech RepublicGermanyHungaryPanamaSingaporeSlovakia

Topics: WTI Oil prices Energy Inflation Brent /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 16:53:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24593682

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 46 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 35 minutes ago

Coverage Areas: Malaysia

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