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ENERGY: What to Watch: API Inventories & Brent Option Expiry

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 have fallen by 3.0mbbl in the week to Aug. 23, according to a preliminary Reuters survey. Gasoline is expected to draw 1.6mbbl and distillates to draw 1.1mbbl.
  • The October 24 Brent options expire against the 19:30BST futures close price today.

 

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