WTI crude oil (CL) is trading around $67.40 in the early Asian session on Thursday. The price continues to rebound from the support as oil inventories remain tighter than expected. However, concerns over a US economic slowdown and the impact of tariffs on global trade could limit further gains.

Crude oil inventories increased last week but at a slower pace than expected. The US Energy Information Administration (EIA) reported a stockpile rise of 1.448 million barrels for the week ending March 7, as shown in the chart below. This increase was lower than the previous week's 3.614 million barrels and the market expectation of 2.1 million barrels. Analysts suggest that stronger demand for gasoline and diesel contributed to this smaller-than-expected build.