Oil Prices Rise on Positive Inflation Data, Falling Stockpile
Oil prices were rising, with Brent set to finish the week up on positive economic data and a fall in inventories. Brent crude was up 0.4% at $83.61 a barrel, while WTI rose 0.3% to $79.44 a barrel. Positive sentiment toward oil is being supported by the second consecutive weekly fall in U.