As weekly inventories approach, crude oil is hanging just above the 100 day MA - ConsultFX

As weekly inventories approach, crude oil is hanging just above the 100 day MA

50% is also in play The weekly inventory data will be released at the bottom of the hour. The expectation is for a -4.1M draw after the massive -12.6M draw.  Last night the private data showed a surprise build (albeit a modest build):