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