Hazy economics raise oil

News of the day, Wednesday, 12 January

The USD index slides down as inflation measures linger. Fed’s head Jerome Powell announced decision making may require up to four more meetings. Dollar index fell to 95.563 continuing negative trend since the end of November.

Oil prices continued growth on the backdrop of USD dynamics. WTI crude rose 0.16$ to 81.38$ and Brent oil futures increased by 2 cents reaching 83.74$ per barrel. Currently oil prices hold at a nearly pre-pandemic level.

The price of Brent crude is 83.74$, WTI — 81.38$, GBP/USD — 1.3629, EUR/USD — 1.1363 and gold costs 1815.25$ per ounce.