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What to Watch: FOMC, EIA & Genscape Data

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Data last week showed stocks below the five year range at 49.02mbbls and compared to the average of 55.45mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 10:30 ET (14:30BST). EIA data is expected to show a small build in crude with small draws in both gasoline and distillates stocks with refinery utilisation increasing slightly according to a Bloomberg survey.
  • The US Fed rate decision is expected at 14:00 ET with the central bank widely expected to leave rates on hold as the market watches for indications on future policy.

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