 And oil prices are climbing a little bit higher today as inflation data released Friday cemented investor expectations of at least one interest rate cut from the Fed later this year. Crude oil is also climbing amid data from China showing that manufacturing activity there hit its fastest pace in over three years. Brent crude is trading at around $85 a barrel. WTI crude, around $82 a barrel. Now, the latest forecast from the KFNX Penguin Air Plumbing and Electrical Weather Center.