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What to Watch: EIA and Genscape Stocks Data

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Data last week showed stocks at 54.15mbbls compared to the five year average for this week of 53.9mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 10:30 ET (15:30GMT). EIA data is expected to show a small crude draw while gasoline and distillates stocks are expected to build and refinery utilisation is forecast to decline according to a Bloomberg survey.

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