The day delayed API US oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report tomorrow. US crude oil inventories are expected to show a build of 1.53mbbl in the week to Oct. 11, according to a Bloomberg survey. Gasoline is expected to draw 2.16mbbl and distillates to draw 2.32mbbl with a 0.43pt drop in refinery utilization.
The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks fell to 52.4mbbl last week to remain below the previous five year average.
ENERGY: What to Watch: API Inventories & Genscape ARA Stocks
Last updated at:Oct-16 07:15By: David Lee
Energy Data+ 12
The day delayed API US oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report tomorrow. US crude oil inventories are expected to show a build of 1.53mbbl in the week to Oct. 11, according to a Bloomberg survey. Gasoline is expected to draw 2.16mbbl and distillates to draw 2.32mbbl with a 0.43pt drop in refinery utilization.
The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks fell to 52.4mbbl last week to remain below the previous five year average.
