Oil prices increased in early Asian trading today, Thursday, after inflation and economic data from the United States raised hopes for a slower pace of interest rate hikes by the Federal Reserve, in the world's largest economy.
Brent crude futures rose six cents to $80.17 per barrel by 00:04 GMT.
U.S. West Texas Intermediate crude futures increased four cents to $75.79.
U.S. data released yesterday, Wednesday, showed a slight rise in consumer prices in June, recording the smallest annual increase in more than two years.
