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EIA STEO due tomorrow

OIL

ENERGY - What to watch

  • With no data releases expected today the market will look for indications of changes to the tight market in data later this week. EIA release their short-term energy outlook report tomorrow and weekly inventories data in Europe and US will be closely watched. Any further indications of market tightening could push crude up to fresh highs as WTI hovers around 120$/bbl.

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