Inventories up next

US oil inventories are due up at the bottom of the hour. Here's a reminder of the API numbers late yesterday:

  • Crude +4146K
  • Gasoline +3402K
  • Distillates +334K
  • Cushing -132K

Meanwhile, there's some positive talk on OPEC from Energy Intel's Amena Bakr:

Talks between Opec Plus continued today and vibe appears to be a lot more diplomatic and delegates say that they are positive consensus will be reached tomorrow