Crude Oil Update - Attention on EIA Natural Gas Storage

Attention in the oil market turns to the EIA natural gas storage data at 14:30 GMT, and energy analysts expect an injection of between 66-82 Bcf. This compares to the Nymex ICAP auction, which implies an injection of 71.1 Bcf and last years injection of 44 Bcf -- traders note this was Hurricane Rita distorted -- and the 5-year average build of 65 Bcf.