Crude oil may contracts on NYMEX closed yesterday at $82.17 with a gain of 2.7 percent. Yesterday economic data from Euro zone came better than market estimates and supported prices to trade higher.

Economic data from US in the form of personal income remained unchanged while personal consumption rose as per expectations.

Oil prices rose yesterday mainly on account of a weaker dollar and on expectation that DOE report in the week may show demand to be recovering.

DOE report tomorrow is expected to show oil inventories building up by 2.5 million barrels while gasoline and distillate inventories are expected to decline by 2 million and 1.25 million barrels respectively.

The data is expected to have a slightly positive impact on prices.