Easing Inflation Sparks Bullish Sentiment in Oil Markets

US Job Market and Fed Rate Expectations Crude prices edged up on Thursday after data showed a stabilizing U.S. job market, fueling expectations that the Federal Reserve could begin cutting interest rates by autumn. Lower interest rates are anticipated to stimulate economic activity, potentially boosting oil demand. West Texas Intermediate (WTI) and Brent are up slightly for the week, but have lost 3% and 5.2%, respectively, this month. Initial claims for unemployment benefits fell to 222,000, down from 232,000 the previous week, indicating underlying…