After starting the day on Thursday, November 10, 2022 with a downturn, oil prices ended the day on a rise, reassured by the slowdown in inflation am& acute; ricaine.

The American West Texas Intermediate (WTI) barrel for December delivery rose 0.74% to $86.47, while the barrel of North Sea Brent for delivery in January 2023 was ahead of time& high; from 1.10% to 93.67 dollars.

The oil financial market has reacted positively to the news of lower inflation in the United States, which raises hopes that the Federal Reserve (Fed) will slow the Medium-term rate hikes, which would boost demand in general, just like any other financial market. According to John Kilduff of Again Capital, “Prices have turned green in response to the inflation report.” So, as the New York Stock Exchange soared and the dollar melted, “Oil was dragged” into this enthusiasm “like the rest of the markets.”