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What to Watch: OPEC MOMR, US Fed, EIA and Genscape Stocks

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Data last week showed stocks rising back to near normal levels at 54.98mbbls.
  • 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 EIA weekly petroleum inventory data is due for release this afternoon at 10:30 ET (15:30GMT). EIA data is expected to show a crude draw while gasoline stocks are expected to build and distillates show a small draw as refinery utilisation rises again according to a Bloomberg survey.
  • The US Fed rate decision is expected at 14:00 ET with the central bank widely expected to leave rates on hold as the market watches for indications on future policy.

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