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What to Watch

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Data last week showed stock levels increased above the previous five year range to 61.89mbbl and compared to the five year average for this time of year of 56.2mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30BST. EIA data is expected to show a draw in crude stocks with a small draw in gasoline and small build in distillates according to a Bloomberg survey. Refinery utilisation is expected to show another small gain.

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