The price of crude oil was little changed Friday morning as traders await more clarity from the developments in the euro zone.
Light Sweet Crude Oil (WTI) futures for June delivery edged up $0.12 to $92.68 a barrel. Yesterday, oil extended losses for a fifth session to settle at a 6-month low on some soft economic data from the U.S. Oil prices were also impacted by continued worries over the Greece crisis and demand growth concerns after an Energy Information Administration report showed U.S. oil stockpiles to have increased more than expected.
This morning, the U.S. dollar was steady near its 4-month high versus the euro and near its two-month high against sterling. The buck was lingering near its 3-month low against the yen, while trading weak versus the Swiss franc
In economic news from the euro zone, Germany's producer price inflation slowed to the lowest level in twenty-two months in April, data released by the Federal Statistical Office showed. The output price inflation eased to 2.4 percent in April from 3.3 percent in March, while economists expected inflation to slow to 2.5 percent. The growth rate for April was the smallest since June 2010, when output prices increased 1.7 percent.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.