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What to Watch: Genscape ARA, EIA US Inventories, and US Fed

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Data last week showed stocks in line with the previous five year average at 51.78mbbls.
  • The EIA weekly petroleum inventory data for the week ending Mar. 15 is due for release this afternoon at 10:30ET (14:30GMT). Crude, gasoline and distillates inventories are all expected to draw while refinery utilisation increases again according to a Bloomberg survey.
  • The US Fed rate decision is expected at 14:00 ET with the central bank expected to leave rates on hold with analyst expectations for a June starting point for rate cuts.

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