- The American Petroleum Institute reportedly shows a draw of 8.32M barrels of oil for the week ending July 10.
- Gasoline inventories reportedly show a draw of 3.61M barrels, distillate inventories show a build of 3.03M barrels and Cushing inventories show a build of 548K barrels.
- Data to be released tomorrow from the Energy Information Administration is expected to show crude inventories fell by 2.1M barrels last week, according to analysts polled by S&P Global Platts.
- August WTI (CL1:COM) recently traded electronically at $40.46/bbl after settling today at $40.29/bbl.
- USO +0.5% after-hours.