November 16, 2022 08:26 GMT
What to Watch: Inventories and WTI Option Expiry
- The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week up at 57.31mbbls and the average for this time of year is 55.71mbbls.
- The EIA weekly petroleum inventory data is due for release this afternoon at 15:30GMT. API data last night showed a draw in crude and oil product builds. The expectation is for the EIA data to show a small draw in both crude and distillates.
- The Nov22 WTI options expire against the 19:30BST future close price today. Current open interest shows the biggest nearby strike of interest is at 85$/bbl.