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What to Watch: EIA Oil Inventories and ARA Product Stocks

ENERGY
  • The day delayed EIA weekly petroleum inventory data for the week ending June 14 is due for release today at 11:00ET (16:00BST). A Bloomberg survey expects a draw in US crude inventories and small builds in both gasoline and distillates.
  • The updated Insights Global European ARA product inventories will be released today around 15:15BST. Gasoil stocks last week dipped to remain below the five year average level at 2.21m mt while ARA Gasoline stocks rebounded but were still below normal at 1.13m mt.
  • The EIA weekly gas inventories will be released tomorrow due to the US holiday yesterday.

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