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ENERGY: What to Watch: API Inventories

ENERGY
  • The API US oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report tomorrow. US crude oil inventories are expected to show a draw of 2.1mbbl in the week to Sept. 27, according to a preliminary Reuters survey. Gasoline is expected to draw 0.5mbbl and distillates to draw 1.9mbbl with a 0.7pt drop in refinery utilisation.
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  • The API US oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report tomorrow. US crude oil inventories are expected to show a draw of 2.1mbbl in the week to Sept. 27, according to a preliminary Reuters survey. Gasoline is expected to draw 0.5mbbl and distillates to draw 1.9mbbl with a 0.7pt drop in refinery utilisation.