WTI Oil Eases to $103.37 as Bitcoin Traders Assess Inflation

Oil prices give Bitcoin (BTC) traders one macroeconomic signal to monitor, with West Texas Intermediate (WTI) spot crude easing to $103.37 a barrel at Cushing, Oklahoma, on Oct. 27 after reaching $105.25 a day earlier. The daily series recorded $94.99 a barrel on Oct. 12, followed by $105.25 on Oct. 26 and $103.37 on Oct. 27. The latest observation was released Oct. 28. These figures track spot crude at Cushing, not a specified futures contract, so they are not interchangeable with futures prices unless the contract and observation period match. The U.S. Consumer Price Index (CPI) rose 0.6% from August on a seasonally adjusted basis and 3.7% over 12 months in September. The gasoline index climbed 9.1% that month, accounting for more than half of the overall CPI increase. U.S.

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