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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 holding near the bottom of the five year range at 54.31mbbls. The average for this time of year is 55.79mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30GMT. US inventories of crude and distillates are expect to show a build but gasoline to draw as refinery utilisation continues higher according to a Bloomberg survey.

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