Brent crude on the rise

Brent crude rose late in the session yesterday on continuing fears of tightness in the market this winter and a fall in the US Dollar on the release of the minutes of the Feds September meeting.

Today focus will be upon the EIA data, the release delayed by a day due to the Columbus day holiday. Forecasts suggest that crude stocks will rise by around 1mio bbls and a draw on distillate stocks of around 500,000bbls.