- Crude is up another 1.15% this morning to $43.88 per barrel, continuing a bounce from late last week when it touched an eight-month low of $42.
- The move at this point is little more than a blip on a one-month downtrend that started at $52 per barrel.
- After the close, we get inventory data from the API. The EIA's inventory numbers come tomorrow morning, and stocks are seen dropping 2.25M barrels.
- USO +0.85%
- ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, UGA, DTO, USL, DNO, OLO, SZO, UHN, OLEM, OILK, WTIU, OILX, WTID, USOI