Oil steady ahead of US weekly inventory data

<p>Weekly US oil inventory is due at the bottom of the hour and the consensus is:</p><ul><li>Crude -2320K</li><li>Gasoline -1260K</li><li>Distillates -473K</li></ul><p>The API data late yesterday showed:</p><ul><li>Crude -6195K</li><li>Gasoline +700K</li><li>Distillates -800K</li></ul><p>Gasoline inventories are becoming a problem.</p><p>There is talk of larger draws in the next couple weeks on higher US exports. Crude is being pulled from the US to buyers who normally purchase from OPEC+ countries.</p>

This article was written by Adam Button at www.forexlive.com.