![Oil continues to fall as Fed observers await US inflation data.](https://market-tracker.in/wp-content/uploads/2023/03/c940ead00f75c89921d87cbc5d6195c5-1.jpg)
Oil continues to fall as Fed observers await US inflation data.
The biggest US bank failure since 2008 continued to reverberate through financial markets as oil prices extended losses ahead of important inflation data. After a turbulent session on Monday and a 2.5% decline in the closing price, West Texas Intermediate fell under $75 a barrel. Investors will be watching the consumer price index reading, which…