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ENERGY: What to Watch: ARA & US Oil Stocks, WTI Options Expiry and JODI Data

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks edged higher last week to 55.6mbbl but remained below the previous five year average.
  • The EIA weekly petroleum inventory data for the week ending July 12 is due for release today at 10:30ET (15:30BST). A Bloomberg survey expects a draw in U.S. crude stocks, a draw in gasoline and build in distillates while refinery utilisation declines.
  • The August 24 WTI options expire against the 19:30BST futures close price today.
  • The update to the JODI world oil and gas database is due today with global supply and demand data for May.

 

 

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