- With U.S. inventories expected to hit record highs, crude futures are down 3.8% at $50.81 amid new worries of oversupply.
- U.S. crude stocks rose by 14.3M barrels last week vs. expectations of a 3.2M barrel increase, the American Petroleum Institute announced after Wednesday's settlement.
- If U.S. Energy Information Administration data today confirms the large build, it would be the biggest weekly addition in barrels since data became available in 1982.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM