We’re up about 7 bucks from the lows in Asia around $75.70, as S&P futures stage a comeback to levels seen at the start of Pres. Obama’s speech last night.
Today’s API weekly data due out at 1630EST is expected to show a build of around 1.8 million barrels in US crude inventories, but the figure has proved to be somewhat out of kilter lately with the EIA data due tomorrow at 1030EST.
High on the day so far is just above $83.00 with the Sept contract trading at $82.18
ICE Brent is around $104.90