October crude oil futures traded higher during the initial Wednesday morning trade, helped by better than expected economic data out of China and Australia. Asian equity indices managed to turn the tide and show positive gains on the day. Futures traders noted to the improvement in risk attitudes that weighed on the U.S. Dollar as another positive factor for October crude oil this morning. The positive Chinese Manufacturing PMI data served to shift focus away from the trend of disappointing U.S. economic data that has tugged on the energy demand outlook and piqued fears over a double dip recession. While October crude oil trades higher on the improving macro environment, there is some trepidation after industry data released Tuesday afternoon showed a much larger than forecasted increase in U.S. crude oil inventories. The range of expectations for this morning's EIA inventory data are for a 1.2 to 1.5 million barrel build.