President Joe Biden said in a statement Tuesday that the August data for consumer prices “show more progress in bringing global inflation down in the U.S. economy. Overall, prices have been essentially flat in our country these last two months: that is welcome news for American families, with more work still to do.” He said it “will take more time and resolve to bring inflation down, which is why we passed the Inflation Reduction Act.”
Brent prices recover after collapse – can oil break above the 70.00 USD level?
A moderate increase in output agreed by OPEC+ could drive Brent quotes higher towards 67.50 USD. Find more details in our analysis for 9 September 2025.