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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 show a draw of 0.93mbbl in the week to Nov. 22, according to a Bloomberg survey. Gasoline is expected to draw 0.16mbbl and distillates to build 0.28mbbl with a 0.03pt rise in refinery utilisation.
  • The January 25 Brent options expire against the 19:30BST futures close price today.

 

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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 0.93mbbl in the week to Nov. 22, according to a Bloomberg survey. Gasoline is expected to draw 0.16mbbl and distillates to build 0.28mbbl with a 0.03pt rise in refinery utilisation.
  • The January 25 Brent options expire against the 19:30BST futures close price today.