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What to Watch

  • The API oil inventory data is due for release today at 16:30 ET ahead of the EIA weekly data tomorrow. The EIA data last week showed a draw in crude but a build at Cushing whilst distillate and gasoline stocks built with an increase in refinery runs.
  • The updated OPEC Monthly Oil Market Report will be released today at approximately 13:30CET (tbc). The report covers the major supply and demand issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The IEA monthly oil report is due for release tomorrow.
  • The US CPI data is expected at 08:30 ET ahead of the US Fed interest rate decision tomorrow.

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