The weekly EIA inventory data will be released at the bottom of the hour. The private data released late yesterday showed a surprise build of 7.1 million barrels in crude oil. Gasoline stocks declined by -2.2 million barrels.
The estimates for today’s release:
Crude estimate -2.071 millionGasoline estimate -1.486 millionDistillates estimate -0.314MCushing -1.49e million last week
Crude oil is trading down $0.46 or -0.67% at $67.87
This article was written by Greg Michalowski at www.forexlive.com.