- WTI is down 67c to $40.00/Bbl, and Brent is up 4205c to $42.05/Bbl.
- WTI has pared gains this morning, after rallying by $1.45/bbl yesterday
- After news that talks for the fourth COVID-19 stimulus package fell through, the prompt-month contract saw an increase in selling pressure
- The American Petroleum Institute (API) reported a build in U.S. crude inventories of 951 MBbls, which added further to the selling pressure
- Hurricane Delta has been upgraded to a Category 4 and is expected to make landfall along the coast of Mexico today. The Hurricane is forecast to reach the United States by Friday
- Azerbaijan adhered to oil-cut commitments in September, according to the ministry
- The country produced 585 MBbl/d of crude, cutting by more than promised, also producing 68.5 MBbl/d of condensate
- EIA weekly data is due at 9:30 AM CST
- U.S. Crude Inventories: — 880 MBbls (Avg. Bloomberg surveys)
- U.S. Gasoline Inventories: — 555 MBbls
- U.S. Distillate Inventories: — 1,274 MBbls
- U.S. Refinery Utilization: — 0.20% change