WTIUSD

Crude oil will spend a week under the shadow of global demand concerns; the Retail Sales data to be released in the U.S. on Thursday, along with the weakening Philadelphia Fed Manufacturing Index, which is expected to show a slowdown, may indicate a decrease in economic activity, potentially lowering oil demand expectations and creating downward pressure on prices. The crude oil inventory data to be announced on the same day stands out as the only short-term catalyst that could balance this negative sentiment.