Crude oil see drawdown of -5.087 MM barrels.

The weekly oil inventory change numbers from API are showing:

The DOE estimates are showing expectations of lower drawdowns. The data will be released at 10:30 AM ET/1430 GMT tomorrow:

Their estimates show:

  • Crude oil -2.1MM
  • Gasoline -1.25MM
  • Distillates -2.5MM

The price of crude and gasoline moved higher after the report was released.