ENERGY: What to Watch: EIA Gas and Oil and ARA Oil Product Stocks
Jan-23 2025 08:23
- The EIA weekly gas inventories for the week ending Jan. 17 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a draw of 252bcf according to a Bloomberg survey following a draw of 258bcf the previous week. The seasonal normal is a draw of around 167bcf.
- The day delayed EIA weekly petroleum inventory data for the week ending Jan. 17 is due for release today at 12:00ET (17:00GMT). A Bloomberg survey expects a 0.83mbbl draw in U.S. crude stocks, a 1.3mbbl build in gasoline and a 0.26mbbl build in distillates while refinery utilisation fell 1.05 percentage points.
- The updated Insights Global European ARA product inventories will be released today around 15:15BST. Gasoil stocks the previous week held above normal at 2.56m mt while ARA Gasoline stocks were at a record high at 1.54m mt.
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CROSS ASSET: MONTH END EXTENSION (update)
Dec-24 2024 08:21
This should be a non event for Year End, they are small, and only the lower liquidity could get Govies moving, but unlikely, as investors turn their attention to 2025.
Bloomberg Bonds:
- US Tsys: +0.07yr (small, average).
- EU Govies: +0.04yr (small).
- UK Govies: -0.02yr (non event).
MS Bonds:
- US Tsys: +0.05yr (small).
- EU Govies: +0.03yr (small).
- UK Govies: To contract (non event).
Barclays FX:
- Their Quarter rebalancing model only shows a Weak Dollar Buying signal.
GILTS: Opens within the Calls
Dec-24 2024 08:09
- A slightly higher open for Gilt, was just down 2 ticks at 92.46 vs close, a small wide range of 16 ticks on the Open, but as expected very poor volumes as also seen in the Sonia Strip.
- In Terms of Technical, support is at 91.87, while resistance moves down to 92.92.
GILTS: Opening calls
Dec-24 2024 07:57
Gilt Calls will be taken from Tnotes, with Europe closed, 92.40, would be 8 ticks down.
