API data saw a larger than expected build in inventories
At the bottom of the hour the weekly DOE inventory data will be released.
The expectations are for:
- Crude oil, +2500K est. Last week +7238K
- Gasoline, -2150K est. Last week -1781K
- Distillates, -1050K est. Last week -1998K
In the private API data released late yesterday, the following was reported:
There is no estimate for Cushing. Last week showed a 201K build.
Crude oil is currently trading at $64.36, up $.38 or 0.58%
