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What to Watch: Genscape and EIA Oil Stocks Data

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week near the bottom of the five year range at 51.63mbbls and the average for this time of year is 57.58mbbls.
  • 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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