Brent Crude Falls Below $90: Will US Inflation Data and Fed Rate Bets Drive Oil Lower?
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Brent crude fell below $90 a barrel for the first time since August, pressured by easing geopolitical risk after US President Donald Trump held off on further strikes against Iran, reducing fears of Middle East supply disruptions. The pullback tests the momentum of the recent oil rally as traders weigh whether de-escalation will translate into sustained price relief. Attention now shifts to the upcoming US inflation report, which could shape Federal Reserve rate expectations and, in turn, the dollar and demand outlook for crude. Oil's next move likely hinges on whether the inflation data reinforces or weakens the case for rate cuts.
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Brent crude (OIL), Donald Trump, Iran, Federal Reserve
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