What's moving the oil markets?

What's moving the oil markets?

US crude oil inventory data due out later Wednesday from the Energy Information Administration and American Petroleum Institute is expected to show a 1.7-mil bbl build in commercial crude stocks, according to analysts surveyed by Platts Tuesday. Analysts polled by Platts are also projecting a build in gasoline inventories of 1.3-mil bbl and a 900,000 bbl increase in distillate stocks for the week ending Jan 27 .