The American Petroleum Institute reportedly shows a surprise build of 3.82M barrels of oil for the week ending July 1.
Gasoline inventories reportedly show a draw of 1.81M barrels, distillate inventories show a draw of 635K barrels and Cushing inventories show a build of 459K barrels.
Data to be released tomorrow from the Energy Information Administration is expected to show crude inventories fell by 1.2M barrels last week, according to S&P Global Platts.
August WTI crude oil (CL1:COM) recently traded at $98.06/bbl in electronic trading after settling Wednesday at $98.53 on the New York Mercantile Exchange.
(NYSEARCA:USO) -0.3% after-hours.