Oil prices dip in cautious trade ahead of US inflation data
Oil prices fell slightly on Tuesday as markets await US inflation figures for April. Brent crude price decreased by 0.4% to trade at $76.70 and US West Texas Intermediate crude lost 0.3% to trade at $72.92. Analysts are awaiting the US consumer price inflation figures due on Wednesday for an indication on the US Federal Reserve’s next interest rate decision.
