The American Petroleum Institute reports its weekly inventories numbers this afternoon, followed by the government’s official report tomorrow morning.
Analysts say US output may have levelled off over the holidays. Baker Hughes on Friday said the US rig count dropped by five in the last week of the year.
Feb. WTI oil gains USD1.23, or 2%, to settle at USD62.96/bbl, the highest finish since December 2014.
Eurozone unemployment rate declined to the lowest since 2009 as robust activity created more jobs in the 19-nation currency bloc.
The jobless rate dropped to 8.7% in November, in line with economists’ expectations, from 8.8% in October, figures from Eurostat showed Tuesday. This was the lowest since January 2009.