Free Trial

What to Watch: EIA Stocks and FOMC

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week just below normal at 50.68mbbls after a decline in late Jan and early Feb. The five year average for this time of year is 52.03mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30GMT. Expectation is for the data to show a draw in crude inventories and in oil products with another recovery higher in refinery utilisation.
  • The US Fed rate decision is expected at 18:00 GMT with the expectation for the central bank to raise rates by 25 basis points.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.