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What to Watch: API & Genscape

ENERGY
  • The day delayed 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 build in crude, distillate and gasoline stocks with a drop refinery utilisation.
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks have built in recent weeks up to 59.65mbbls last week and just above the five year average for the first time since February. The average for this time of year of 57.49mbbls.

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