October 01, 2024 07:13 GMT
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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