A stronger dollar put pressure on oil early Friday morning, sending the commodity temporarily off record gains hit earlier in the week, and analysts are fearful price volatility such as this will be the theme of 2018.
Investors continued to rotate into domestic stocks seen benefiting from tax cuts, but without higher estimates, the gains could falter.
The firm also views demand, especially in gasoline, to be returning to normal.
Here's what you need to know now for Thursday, September 7.
As analysts expected, refinery runs were down substantially during the week ended Sept. 1, leaving crude stockpiles to increase by nearly 5 million barrels, while gasoline inventories were depleted by more than 3 million barrels.