Crude oil snapped a three-session winning streak and ended lower on Tuesday after hotter-than-expected U.S. inflation data raised concerns the Fed will aggressively hike interest rate at its upcoming policy meeting next week.
West Texas Intermediate Crude oil futures for October ended lower by $0.47 or about o.5% at $87.31 a barrel, coming off a high of $89.31 a barrel.
Brent crude futures settled at $93.17 a barrel today, down nearly 0.9% from the previous close.
For comments and feedback contact: editorial@rttnews.com
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.