Oil prices pare gains on U.S. inflation concerns

Oil prices fell in early Asian trading on Monday, reversing gains from Friday as U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand. futures fell 75 cents, or 0.84%, to $88.75 a barrel while West Texas Intermediate…#tinateng #usfederalreserve #pmi #brent #middleeast #ukranian #slavyansk #krasnodar (Source: Reuters: Health)