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What to Watch: US and EU Oil Inventories

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week down to 51.00mbbls after a decline in recent weeks. The five year average for this time of year is 51.49mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30GMT. Expectation is for the data to show an inventory build in crude but a small draw in oil products with refinery utilisation dipping lower again.

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