Crude oil is currently trading at $63.69, down $.22 or -0.39%

The weekly DOE inventory data will be released at the bottom of the hour. Estimates are showing:

  • Crude oil inventories, est 1750K
  • Gasoline inventories, est -950K
  • Distillates inventories, est -750K
  • US refinery utilization, est 0.5%
  • Last week cushing inventories showed a build of 463K

The API data last night showed:

  • Crude oil: +6.81
  • Cushing: 1.353M
  • Gasoline -1.055M
  • distillates -2.1M