https://www.investing.com/news/stock-market-news/day-ahead-top-3-things-to-watch-1340073
2. OPEC Monthly Report, U.S. Crude Supply Totals To Confirm Bearish Outlook For Oil Prices?
OPEC is slated to release its monthly report Wednesday at 7.20 a.m. ET, outlining its estimates on global oil demand growth and output.
Non-OPEC output is expected to garner added investor attention after OPEC in its previous report February, revised upward its estimates for non-OPEC output. The US made up more than half of the non-OPEC upward revision.
A fresh batch of inventory data, meanwhile, from the Energy Information Administration (EIA) on Wednesday at 10.30 a.m. ET is expected to show that U.S. crude stockpiles rose for the third straight week.
Analysts forecast crude inventories rose by about 2.023 million barrels in the week ended March 9.
Crude oil futures settled sharply lower on Tuesday at $60.71 a barrel after the U.S. Energy Information Administration released a monthly report, forecasting shale output in April to rise to an all-time high.
https://www.investing.com/news/stock-market-news/day-ahead-top-3-...
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