What to Watch: Crude Inventory Data

Jan-04 08:24By: David Lee
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  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week at 52.31mbbls and the average for this time of year is 53.70mbbls.
  • The latest weekly API oil inventory data is due for release today at 16:30 EST ahead of the EIA data tomorrow. A Bloomberg survey shows US inventory data is currently expecting a small build in crude and gasoline stocks and a draw in distillates and a drop in refinery runs.