WTI crude oil is trading at around $50 per barrel
The DOE will release its weekly inventory data at the bottom of the hour:
- Crude oil, 2.6M estimate vs 0.415M last week
- Gasoline, -2.0M estimate vs -1.971M last week
- Distilates -1.5M estimate vs -0.635M last week
- Cushing OK crude last week -0.133M last week
The private data last night showed:
- Crude oil +1.3M
- Gasoline, +0.074M
- distillates, -0.704M
- Cushing +0.411M