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ENERGY: What to Watch: ARA & US Oil Inventories and US CPI

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks last week rose to 52.5mbbl but remained at the low end of the previous five year range.
  • The EIA weekly petroleum inventory data for the week ending Aug. 9 is due for release today at 10:30ET (15:30BST). A Bloomberg survey expects a 0.86mbbl draw in U.S. crude stocks, a 1.63mbbl draw in gasoline and a 0.08mbbl draw in distillates while refinery utilisation falls 0.15%.
  • The US CPI data, due at 08:30ET, is forecast to remain at 3% y/y but for core to ease 0.1pp to 3.2%.

 

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