What to Watch Thursday: Jobless Claims, Crude Inventories

On Thursday, investors await weekly jobless claims and weekly crude inventories. Jobless claims are released at 8:30 a.m. Eastern and are expected to decline by 13,000 over the past week to 262,000 compared to the prior week's 275,000. Also released at 8:30 a.m. ET is trade data for November. Then, at 11 a.m. ET, the weekly EIA Petroleum Status Report is unveiled, showing crude and gasoline inventories.