Crude oil prices today: WTI falls 1% but remains rangebound
U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs.
Source: cnbc.com
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U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs.
Ebrahim Raisi, president of OPEC's third-largest producer, died in a helicopter accident.
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.
Oil prices are rising after falling 6% last week.
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling, and the U.S. economy is growing more slowly than expected.