DailyFX.com - Talking Points: Crude oil prices fall on hopes for US/China trade breakthrough API inventory data eyed as chart setup warns of.

Today’s API weekly inventories report could be the catalyst behind any late session volatility. The gasoline and distillate numbers will be particularly interesting to watch.

Crude oil prices edged up a bit but ultimately failed to sustain momentum as traders await API inventory flow data and monthly EIA report on short-term supply and demand trends.