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What to Watch

  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week near the lower end of the five year range at 50.61mbbls and the average for this time of year is 56.75mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30GMT. Crude stocks are expected to show a small draw following on from the draw last week according to a Bloomberg survey. Gasoline and distillate inventories are also expected to draw.
  • The US CPI for January is due later at 08:30 ET.

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