Wednesday, August 26, 2026
Brent crude slips from $70 as outlook brightens but inflation weighs- oil and gas 360

Brent crude slips from $70 as outlook brightens but inflation weighs

Reuters LONDON – Oil prices slipped on Monday after Brent hit $70 a barrel as data showed an accelerating economic recovery in China, which was offset by fears of inflation. Brent crude futures for May were at $68.44, down 78 cents a barrel or 1.1 percent by 1327 GMT while U.S. West Texas Intermediate crude for April was at $64.85