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EIA & Genscape data due today

OIL
  • Prices were supported after the API data last night showed draws in crude, Cushing and in gasoline. Further draws in the EIA data later could help maintain the strong gasoline market and the closing WTI-Brent spread. The weekly EIA oil inventory data will be released this afternoon at 15:30BST. Expectation is for the EIA to report a build in crude and small draws in the products.
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks have been building since the beginning of March and last week inventories were up to 56.96mbbls.
  • More data is expected from China this week which could help to understand the impact of their zero covid policy on oil demand.

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  • Prices were supported after the API data last night showed draws in crude, Cushing and in gasoline. Further draws in the EIA data later could help maintain the strong gasoline market and the closing WTI-Brent spread. The weekly EIA oil inventory data will be released this afternoon at 15:30BST. Expectation is for the EIA to report a build in crude and small draws in the products.
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks have been building since the beginning of March and last week inventories were up to 56.96mbbls.
  • More data is expected from China this week which could help to understand the impact of their zero covid policy on oil demand.

Release

Type

Keep reading...Show less