Oil is up primary due to option expiration, which take place every 3rd Friday of the month (tomorrow).

Weekly EIA Oil Inventory report was bullish but lower then expected imports were blame on full storages so who knows what is going on there.

Every month we have this phenomenon on the future market were the traders covering their positions before it expires, pushing the front month future prices very close to next month prices. After all is set the drip down starts again.

Oil spot (cash) prices did not move too much from yesterday.