- The EIA releases its weekly inventory data today at 10:30a.m. According to a widely followed wire survey, crude inventories are expected to have fallen 1.5M barrels last week, gasoline inventories to have declined by 500K and distillate inventories to have risen by 500K barrels.

- According to Fimat, demand growth for transportation fuel in the US may start to decline as the country starts to buy fewer goods from overseas, as indicated by container volumes at US ports which fell to a 13-month low in March.

- In an extremely quiet night on the energy front crude oil futures are trading higher in the session on supply concerns ahead of today??™s inventory data.