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What to Watch: Genscape and EIA Oil Stocks

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks have increased in recent weeks in line with the seasonal trend although are still near the bottom of the five year range at 53.54mbbls. The average for this time of year is 56.77mbbls.
  • 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 a recovery in refinery utilisation also expected according to a Bloomberg survey.

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