WTIUSD

Oil prices are trying to find direction amid conflicting signals from weak employment data that raised demand concerns earlier in the week and strong unemployment figures from yesterday. Markets are focused on the final signals that today's release of the U.S. Core PCE data will provide regarding the direction of the global economy and, consequently, the outlook for oil demand. High inflation could create pressure on oil prices by increasing concerns that the Fed will maintain a tight stance at the cost of slowing growth.