November crude oil prices grinded higher during the initial morning hours, fueled by weakness in the US Dollar and a rebound in global equity markets. Some traders suggested that the crude oil trade remained closely linked to developments out of the Eurozone, as leaders their work toward an agreement in containing the debt crisis. It is also possible that the crude oil market drafted support from inventory data released after the close yesterday that showed a smaller than expected build. Expectations for today's EIA report are for crude oil inventories to have increased around 1.0 to 1.5 million.
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