Crude oil is trading at $74.07

The US EIA will release oil inventory data for the current week.

  • Crude oil is expected to show a draw of -5000K vs -9891K last week
  • Gasoline is expected to show a draw of -750K vs +1156K last week
  • Distillates are expected to show a draw of -685K vs +15K last week.

API reported last night

  • Crude -4.5M
  • Gasoline -3M
  • Distitate -0.438M