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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 back in line with the previous five year average at 54.3mbbl.
  • The EIA weekly petroleum inventory data for the week ending Sept. 6 is due for release today at 10:30ET (15:30BST). A Bloomberg survey expects a 0.71mbbl build in U.S. crude stocks, a 0.07mbbl build in gasoline and a 0.09mbbl build in distillates while refinery utilisation falls 0.8%.
  • The US CPI data, due at 08:30ET, is expected to show headline easing to 2.5% y/y with core stable at 3.2%.

 

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