WTIUSD

Oil prices this week will try to find direction amid signals regarding global demand on one side and supply dynamics on the other. The inflation and unemployment data coming from the U.S. on Thursday will shed light on the economic health in the world's largest oil consumer and thus the demand outlook. High inflation and rising unemployment could trigger concerns about "stagflation," negatively impacting demand expectations. Additionally, the crude oil inventory data from the Energy Information Administration (EIA) to be released on Thursday evening will be decisive in short-term pricing, as always.