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What to Watch: Genscape ARA & EIA US Inventories

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks last week fell back below normal to 54.16mbbs compared to the five year average of 56.7mbbls this week.
  • The EIA weekly petroleum inventory data for the week ending May 3 is due for release today at 10:30ET (15:30BST). A Reuters survey expect U.S. crude oil inventories to show a draw of 1.1mbbls. The API data last night showed builds for crude, gasoline and distillates.

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