Oil Futures Gain Ahead of U.S. Inventory Data

Oil Futures Gain Ahead of U.S. Inventory Data

Crude oil recovers from the previous day's losses ahead of the EIA's delayed U.S. inventories report for last week.

U.S. crude oil stockpiles are expected to have fallen by 1.1 million barrels in a fifth straight weekly decline, according to a Wall Street Journal survey of analysts. Gasoline stocks are seen down by 800,000 barrels and distillate stocks up by 200,000 barrels.

WTI is up 1.1% at $70.36 a barrel, and Brent is 0.9% higher at $73.95.