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What to Watch: Genscape / EIA

  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Data last week showed stocks above normal despite a small decline to 59.6mbbl. The five year average for this time of year is 56.4mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30BST. EIA data is expected to show a build in crude stocks with gasoline and distillates inventories relatively unchanged and a small increase in refinery utilisation according to a Bloomberg survey.

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