Oil prices on the world market fell today after the US Treasury Department suggested that inflation data was not convincing enough for interest rates to be cut.
In London, the price of Brent crude oil from the North Sea is lower by 50 cents and amounts to $83.48 per barrel.
In New York, the price of light crude oil fell by 59 cents to $79.47 per barrel.
US Treasury Department official Michael Barr said that inflation data in the US in the first months of this year was disappointing, which is why the Central Bank does not have enough evidence that it is necessary to ease monetary policy.
