Crude slips below $65; Eyes on jobless claims & PCE

WTI crude futures slipped below $65 per barrel in Asian trade on Thursday as investors locked in profits after the rally to a three-week high. The earlier rise was underpinned by government data showing an unexpected draw in US crude inventories, amplifying supply concerns from Ukraine?s intensified drone strikes on Russian energy infrastructure. At the same time, the US dollar index held near 97.5 after its recent rebound, with traders cautious ahead of weekly jobless claims and Friday?s PCE price index. Mounting worries over labor market weakness and tariff-driven inflation kept sentiment guarded, while on the MCX, October crude oil futures traded lower by nearly 1% at ₹5731 per barrel.

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