Free Trial

What to Watch: FOMC and Oil Inventory Data

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. A decline last week took stocks below the five year range to 52.78mbbls. The average for this time of year is 57.53mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30GMT. US inventories of crude, gasoline and distillates are expected to show small draws this week with another increase in refinery utilisation also expected according to a Bloomberg survey.
  • The US Fed rate decision is expected at 19:00 GMT. The central bank is expected to hike rates another 25bp and possibly signal that it will then pause.

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.