Oil moves above $100 as rare Friday U.S. inflation data nears

  • U.S. inflation data is scheduled for a rare Friday release before the Federal Reserve decision.
  • Above $100 a barrel, oil prices climbed during the holiday-shortened trading week.
  • Equity futures pointed to a rebound after stocks fell sharply during the week.

U.S. inflation data is due in a rare Friday release after a turbulent, holiday-shortened trading week. Oil prices moved above $100 a barrel, bond yields reached multiyear highs and stocks fell sharply. Equity futures pointed to a rebound ahead of the report, which is the last important data release before next week’s Federal Reserve rate decision.

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