Oil prices declined Monday after posting back-to-back session gains. “Stubborn inflation data has returned the fears of a hawkish [Federal Reserve], further complicating oil trade which is already under pressure from excess inventory,” said Manish Raj, managing director at Velandera Energy Partners. U.S. benchmark West Texas Intermediate crude for April delivery CLJ23, -0.89% fell 64 cents, or 0.8%, to settle at $75.68 a barrel on the New York Mercantile Exchange.
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