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