The weekly oil inventory data will be released at the bottom of the hour. The expectations are for:
- Crude oil estimated drawdown of -1.759M
- Gasoline estimated drawdown of -0.915M.
- Distillates estimated build of +0.928M.
- Cushing last week showed a build of 0.045M
The private data released late yesterday showed:
Crude oil is trading at $62.54.
