EIA crude build eyed as traders gauge Fed-inflation interplay

Energy markets await weekly U.S. EIA data expected to show a 3.5-million-barrel inventory build. Brent and WTI hovered around $60–61 per barrel as traders assess inflation implications and potential Fed response. Analysts say persistent stock builds could reinforce disinflation narratives while dampening near-term crude demand, especially amid slowing freight and manufacturing activity.