According to the report from the Labor Department, the Consumer Price Index (CPI), a gauge of inflation, rose by 0.1% in November and showed a 3.1% increase compared to the same period last year. The release of these indicators coincides with the two-day policy meeting of the Federal Reserve, where it is widely expected that interest rates will remain unchanged for the third consecutive time. The unexpected rise in the U.S. Consumer Price Index suggests that the Federal Reserve may delay interest rate cuts, impacting future demand for oil.