Energy futures are trading higher today in thin trading as the U.S. markets closed today for the Thanksgiving Day holiday. Yesterday energy futures finished mostly lower after the EIA reported that crude inventories fell unexpectedly by 1.1M barrels, gasoline inventories increased less than expected by 200K barrels and distillate inventories decreased more than expected by 2.4M barrels. Crude inventories at Cushing, the delivery point for WTI, rose 1.2M barrels. Crude inventories are now in the upper half of the average range, gasoline inventories are below the lower end of the average range and distillate inventories are in the middle of the average range. The head of the International Atomic Energy Agency, El Baradei, will address the Agencyâs Board of Governors today to discuss whether Iranâs compliance on its nuclear program is going according to plan. Reuters reported, citing an unnamed U.N. official, that El-Baradei is likely to say that the plan is proceeding according to schedule and the timeline to resolve outstanding questions by around the end of the year. Iranâs new nuclear negotiator, Jalili, warned today that âplaying with security of Iran is like dominosâ, suggesting that any threat against his country would have repercussions on the stability of the entire region. A short while ago Iranâs envoy to the IAEA accused the U.S. of poisoning diplomacy over Iranâs nuclear work, adding that U.N. sanctions are not having an affect. In its âThis Week In Petroleumâ piece yesterday, the EIA wrote that although crude oil prices have been highly volatile so far this week, a significant decline in gasoline prices before Christmas appears unlikely. On the weather front, Accuweather wrote today that the eastern section of the nation enjoyed a brief warming of temperatures ahead of a low pressure system. This storm system is expected to move through today and bring chilly temperatures and snow to portions of the east. At 11:30 a.m. BST WTI crude futures are up $0.11 at $97.40, RBOB gasoline futures are up 0.29 cents to 244.00 and heating oil futures are climbing 0.94 cents to 269.68. Natural gas futures are up 2.1 cents to $7.57. The above commentary is provided to subscribers of Ransquawk's recently launched energy channel. The energy channel is a real-time audio news service covering U.S. energy markets and major NYMEX products. To sign up for a free 1 week trial, e-mail us at info@ransquawk.com with your contact details. Why Subscribe? Ransquawkâs Energy Channel is the first real-time audio news service specifically catered toward energy traders. We offer unmatched content from top energy sources and technical information in real-time, giving traders an edge from a fundamental and technical perspective.