Crude oil settles at $74.37

<p>The price of WTI crude futures are settling at $74.37. That is down $-0.39 or -0.52%. A low-price today reached $73.41. The high price was at $75.25.</p><p>Later today, the private API inventory data will be released. Tomorrow, the EIA will release its estimates for inventories. The expectations are showing:</p><ul><li>Crude oil stocks are expecting a drawdown of -2.15M vs -2.492M last week</li><li>Distillates are expecting a build of 0.348M vs 2.370M last week. </li><li>Gasoline stocks are expected to show a build of 2.30M vs 3.083M last week. </li></ul>

This article was written by Greg Michalowski at www.forexlive.com.