Oil prices up

News Department
Author

Oil prices in the world markets increased to 1% while the prospects around the key rates policy of the US Federal Reserve System (FED) were evaluated.

The price of September futures for Brent crude rose by 1.01% to $100.1 per barrel, and August futures for WTI rose by 0.67% to $96.42.

Statistical indicators about the inflation rates in the United States have a strong impact on the stock market. Thus, according to the results of June, annual inflation in the United States was 9.1%, considered the highest indicator since November 1981. These indicators support forecasts that the FED will raise the key rate by 100 basis points.

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