RIYADH: Oil prices were mixed on Wednesday as signs of slowing inflation in the US eased fears that the world’s largest oil user may face a recession because of further interest rate hikes and a weaker dollar-supported some buying interest.
Brent crude futures lost 41 cents, or 0.48 percent, to $84.49 a barrel at 08.15 a.m. Saudi time. US West Texas Intermediate crude futures rose 34 cents, or 0.43 percent, to $79.21 a barrel.
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