Crude oil Inventory Expectations

Actual to be release at 9.00 PM today ** Crude oil +2.0 mln bbl ...... Gasoline +0.4 mln bbl ........ Distillate -1.6 mln bbl ....... and Refinety Utilisation Unchanged ** Oil shed over 30 cents to near $78.50 as investors fretted over signs of weakness in any global recovery and waited for U.S. figures later for clearer indications on crude inventories and imports ** Attention across all markets was also focused on U.S. Federal Reserve Chairman Ben Bernanke's testimony to the United States Congress later on Wednesday for any signals on the economy's health and the prospect of interest rate rises.