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What to Watch: EIA, Genscape and WTI Option Expiry

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Data last week showed stocks still below the five year range at 48.96mbbls and compared to the average of 55.15mbbls.
  • Two week’s worth of EIA weekly petroleum inventory data is due for release this afternoon at 10:30 ET (15:30GMT). EIA data is expected to show a crude and gasoline inventory build but small distillates stock draw with refinery utilisation increasing slightly according to a Bloomberg survey.
  • The Dec23 WTI options expire against the 19:30BST futures close price today with the main nearby open positions at 75$/bbl and 80$/bbl.

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