(RTTNews) - The price of crude oil was little changed Wednesday morning as traders await cues from the official inventories data from the EIA, due out later during the session. Light Sweet Crude Oil (WTI) futures for November delivery, edged down $0.07 to $84.38 a barrel. Yesterday, oil rose over 5 percent amid optimism that European leaders are moving closer to a plan to contain that region's debt crisis. Tuesday after the markets hours, the API revealed that U.S. crude oil inventories declined by 5.05 million barrels, while gasoline stocks rose 2.76 million barrels in the week ended September 23. This morning, the U.S. dollar continued to level off from its 8-month high versus the euro and 9-month high against sterling. The buck was trading lower versus the Swiss franc and the yen. Traders will look to the durable goods orders report from the U.S. Commerce Department, due out at 8.30 a.m. ET. Economists expect a 0.2 percent increase in durable goods orders for August following a 4.1 percent gain in July. Today during trading hours, the EIA will release U.S. crude oil inventories report for the week ended September 23. Analysts expect crude oil inventories to dip by 3 million barrels and gasoline stocks to ease by 500,000 barrels last week.

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