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What to Watch: US CPI, Genscape ARA & EIA US Inventories

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks last week rose to 54.1mbbs but still just below normal compared to the previous five year average at 55.7mbbls.
  • The US CPI data is due at 08:30ET. Consensus puts core CPI inflation at 0.3% M/M in March with some skew towards a ‘low’ 0.3 reading.
  • The EIA weekly petroleum inventory data for the week ending Apr. 5 is due for release today at 10:30ET (15:30BST). Crude inventories are expected to show a small build with draws for gasoline and distillates stocks according to a Bloomberg survey. US refinery utilisation is expected to resume a recovery after a small dip last week.


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