- Crude oil rallied Wednesday morning after OPEC+ agreed to hike its output for March moderately
- Some market analysts had been suggesting the group could make larger increases
- There is concern that some members of OPEC+ can’t meet their production targets
- EIA crude inventories are due at 9:30 am
- Bloomberg surveys (average)
- U.S. Crude Oil Inventories: +1,055 MMBbl
- U.S. Gasoline Inventories: +1,895 MMBbl
- U.S. Distillate Inventory: -1,237 MMBbl
- U.S. Refinery Utilization: 0.01%