Weekly oil inventory data is due at the bottom of hour. Private data show -4.4 draw in oil

The weekly oil inventory data will be released at the bottom of the hour. The private data released late yesterday showed a surprise draw down to -4.44M barrels

The expectations were for a small change of -0.033M in oil inventories.

• Gasoline is expected to show a drawdown of -1.600M
• Distilates are expected to show a draw of -0.833M

Both of those showed builds in the private inventory release.

This article was written by Greg Michalowski at www.forexlive.com.