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What to Watch: EU and US Oil Inventories

ENERGY

ENERGY – What to Watch

  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks were slightly above normal last week at 55.085mbbls. The five-year average for this time of year of 54.26mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30BST. API data last night showed a draw in crude, gasoline and distillates but expectation is for the EIA data show a small build in crude.

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