
Oil rises on US inflation data, but set for weekly fall due to China COVID fears
Nasdaq SINGAPORE, Nov 11 – Oil prices picked up on Friday after a milder than expected U.S. inflation data reinforced hopes that the Federal Reserve will slow down rate hikes, boosting chances of a soft landing for the world’s biggest economy. Prices were still set to show a decline for the week after COVID-19 cases in top oil importer
