Futures : Energy Update

Feb07 Crude found support ahead on weekly inventories after testing 62.28 low. According to Bloomberg survey we should expect the 4th consecutive draw in today's report.

For Crude to advance further and trade through resistance at 64.00 we need to get a larger than anticipated draw - spurring supply concern. Upside target 64.40.

Expected DOE Inventories: Crude -2000K; Gasoline 0K; Distillate -600K; Refinery 0.50%