Crude Oil: Market waits for the Inventory data
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Attention in the oil market turns to the US weekly oil inventory data at 14:30 GMT, where we assume crude oil supplies to rise 1.5mln barrels, in the week ended October 13.
Gasoline supplies are expected to fall 200k barrels and distillate supplies -- includes heating oil and diesel -- seen down 800k barrels.
Refinery utilization probably fell a fourth week to a five-month low of 88.8 percent as plant operators took advantage of weak pre-winter demand to conduct maintenance.
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