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ENERGY: What to Watch: US API & ARA Oil Inventories

ENERGY
  • The day delayed 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 have fallen by 0.6mbbl in the week to Aug. 23, according to a preliminary Reuters survey. Gasoline is expected to draw 0.8mbbl and distillates to build 0.4mbbl.
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks last week edged up to 54.0mbbl but remained just below the previous five year average.

 

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