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What to Watch

  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks were last week at 54.93mbbls and below the five year average for this time of year of 58.03mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30BST. US inventories of crude, distillates and gasoline are expected to show small builds with refinery utilisation again increasing according to a Bloomberg survey.

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