Thoughts on Oil after the latest CPI print

It's interesting to see how oil is digesting the latest CPI data. While the headline number cooled a bit, core inflation remains a sticky point, and that's got the market still pricing in the 'higher for longer' rate narrative. For WTI and Brent, this effectively translates to a potential drag on demand down the line if economic growth starts to meaningfully slow. I'm keeping a close eye on the weekly inventory reports. Any surprise builds could really put downward pressure on prices, especially with the dollar still relatively strong against the basket. Not making any big moves yet, but definitely watching for sustained breaks below key support levels.