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What to Watch: Weekly Genscape & EIA Data

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks have been low all year and dipped back below the 5 year range last week to 53.83mbbls. The average for this time of year is 57.6mbbls.
  • API data last night suggested a build in crude and distillate and a draw in gasoline with the latest weekly EIA oil inventory data due for release this afternoon at 15:30BST. The refined product supplied data will be closely watched after showing weak demand in recent weeks. Expectation is for the EIA to report a small build in crude and draws in both gasoline and distillates.

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