The regular weekly US oil inventory data from the American Petroleum Institute is due at 4.30pm ET (2030GMT)

... and publicly available at 4.35pm (2035GMT)

The API data is closely watched as a guide to the official EIA inventory data due tomorrow morning (10.30am eastern US time, 1430GMT).

The 'expected' for the data from EIA tomorrow is for +2505K barrels (i.e. a build in stocks) for US Crude Oil Inventories.

Earlier today:

  • EIA raises 2015 world oil demand forecast by 170kbpd to 1.34mbpd
  • Oil firmly in the drivers seat for FX moves as WTI breaks range