Previous : -3.3 million barrels
Forecast : -1.7 million barrels

Analysis :
Markets await for the release of the EIA weekly petroleum report due later today which was postponed as a result of the New Year's holiday earlier this week where expectations indicate that crude inventories have dropped 1.7 million barrels. Also, gasoline stockpiles and refinery capacity are seen to have increased. Finally, distillate inventories are predicted to have fallen the past week.