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The US data was the highlight during the previous period.
There were 223,000 initial claims for unemployment benefits in the US during the week ending February 5, the data published by the US Department of Labor revealed This reading came in better than the market expectation of 230,000.
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.5% on a yearly basis in January from 7% in December, the US Bureau of Labor Statistics reported on Thursday. This print surpassed the market expectation of 7.3%. On a monthly basis, CPI was up 0.6% in January.
The Organization of the Petroleum Exporting Countries (OPEC) announced in its latest monthly report that it left the 2022 world oil demand growth forecast unchanged at 4.15 million barrels per day (bpd), as reported by Reuters.
