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What to Watch: API Inventories Data

ENERGY
  • The API US oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report tomorrow. The EIA data last week showed a draw in crude inventories as well as small draws in both gasoline and distillates stocks while US refinery utilisation increased above 90% to the highest since mid Jan.

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  • The API US oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report tomorrow. The EIA data last week showed a draw in crude inventories as well as small draws in both gasoline and distillates stocks while US refinery utilisation increased above 90% to the highest since mid Jan.