EXPECTED CRUDE OIL INVENTORY

Crude oil>> US Department of Energy is due to release the weekly inventory levels today. As per the expectations, crude and gasoline stockpiles are likely to post an increase of 2.8 and 1.7 million barrels respectively. This is likely to mark a consecutive 16th gain in 18 weeks. The rising inventories act as a gauge of the declining consumption hence resulting in lower trend. For the day, price