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What to Watch: EIA STEO, US CPI & API Data

ENERGY
  • The EIA Short Term Energy Outlook is due for release at 10:00 ET (17:00 GMT) today with updates to supply and demand forecasts for oil, gas, and power markets. The OPEC Monthly Oil Market Report is due out tomorrow and the IEA Oil Market Report on Thursday.
  • The API oil inventory data is due for release today at 16:30 ET ahead of the EIA Weekly Petroleum Status Report tomorrow. The EIA data last week showed a draw in crude and builds in both gasoline and distillates stocks amid weak demand.
  • The US CPI data due at 08:30 ET is expected to show a slight easing in headline to 3.1% and core steady at 4%.

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