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ENERGY: What to Watch: ARA & US Oil Inventories

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks last week edged up to 53.2mbbl but remained below the previous five year average.
  • The EIA weekly petroleum inventory data for the week ending Aug. 23 is due for release today at 10:30ET (15:30BST). A Bloomberg survey expects a 2.52mbbl draw in U.S. crude stocks, a 1.93mbbl draw in gasoline and a 0.78mbbl draw in distillates while refinery utilisation edges up by 0.02%.

 

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