Crude oil prices turned higher Wedneday morning ahead of US inventories data.
The Energy Information Administration is due to release its weekly Petroleum Status Report for the week ended March 25th at 10:30 am ET.
Yesterday, the industry watcher American Petroleum Institute (API) reported an inventory build of 2.6 mln barrels, a bit less than forecast.
US crude oil for May was up 50 cents at $38.78 a barrel.
The material has been provided by InstaForex Company – www.instaforex.com