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What to Watch: OPEC MOMR, API, Genscape and WTI Options Expiry

ENERGY
  • The OPEC Monthly Oil Market Report is due for release today around 13:00 CET providing an outlook for crude oil market developments for the coming year. The IEA Oil Market Report is due out tomorrow.
  • The day delayed API oil inventory data is due at 16:30 ET ahead of the EIA Weekly Petroleum Status Report tomorrow. The EIA data last week showed a build in crude and large builds in both gasoline and distillates stocks.
  • The latest Genscape European ARA crude inventories will be released at 09:00GMT. Data last week showed stocks at 53.31mbbls compared to the five year average for this week of 54.8mbbls.
  • The Feb24 WTI options expire against the 19:30BST futures close price today with the main strike of note just below the current market at 70$/bbl.

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