The fall in oil prices has boosted U.S. consumer confidence for the first time in four months, slightly easing concerns about future inflation.

According to the app of Sino-Finance, with the recent decrease in gasoline prices, American consumers' pessimistic sentiment towards the economic outlook has eased somewhat. The latest survey released by the University of Michigan on Friday showed that the US consumer confidence index had its first increase in four months in early June, but the overall level is still at a historical low, reflecting the continued pressure from high inflation and the situation in the Middle East.