What to Watch Wednesday: Oil Inventories Report
With oil prices retreating again, investors will be looking at Wednesday's crude inventories report to gauge whether last week's steep decline in supply was a fluke.
With oil prices retreating again, investors will be looking to Wednesday's crude inventories report to gauge whether last week's steep decline in supply was a fluke. Last week, U.S. crude inventories fell by 14.5 million barrels, though analysts attribute the declines to disruptions from Tropical Storm Hermine. The report is released at 10:30 a.m. Eastern. Investors also await import and export prices for August, released at 8:30 a.m. On the earnings calendar, Cracker Barrel Old Country Store (CBRL) - Get Report is expected to report earnings of $2.13 a share on sales of $742.34 million - before the markets open. TheStreet's Scott Gamm reports from Wall Street.
