Brent crude inching higher on optimism that US inflationary pressures are fading

Brent crude price inching higher on optimistic that US inflationary pressures are fading.

Brent crude closed up 1. 1 USD/b ydy to a close of USD 86.

39/b which was the highest close since the end of April.

This morning it is trading up another half percent to USD 86.

9/b along with comparable gains in industrial metals and.