Oil prices rose today after a few days of declines buoyed by better-than-expected inflation numbers that lifted financial markets across the board. The CPI came in at 7.7%, which despite being relatively high is an improvement from the last few months. This number could signal a softening to come from the world’s central banks. “(Consumer Price Index data) could be the turning point investors have craved,” said Craig Erlam, senior market analyst at OANDA. There’s still plenty of pain ahead but things suddenly look ever-so slightly more positive,” Erlam said. The US dollar traded down today on the report and Treasury yields also fell below 4%. WTI traded up $0.64 or 0.8% to close at $84.67. Brent traded up $1.02 or 1.1% to close at $93.67.