US West Texas Intermediate and international benchmark Brent crude futures are trending lower on Thursday as traders await US inflation data that could provide clues to the direction of Fed policy.
In particular, the data could show whether the central bank can comfortably slow the pace of its rate hikes, or whether it needs to continue raising rates aggressively and for an extended period of time.
Raising interest rates to slow the economy is important to crude oil traders because it…
