DOE inventory data due out at the bottom of the hour

Crude oil trading at $55.07

The DOE inventory data due out at the bottom of the hour.

• Crude oil inventories -2.4M est
• gasoline inventories -1.5M est
• distillate inventory -1.8M est

Note that the private data released last night showed a surprise build in both crude and gasoline stocks. So the estimates might not mean a lot today. The price of crude oil is currently trading at $55.07