US: Import prices and oil inventory data in focus - BBH

Research Team at BBH, suggests that the North American session features US import prices, which could offer insight into the PPI data on Thursday. 

Key Quotes

“However, the August retail sales data released at the same time tomorrow is more important for the market.  The DOE will also report weekly oil inventory data.  A 2.8 mln barrel build is expected.  Last week saw a huge -14.5 mln drawdown, but this was thought to be weather-related.  Last night, API reported crude stockpiles rose 1.4 mln barrels last week, compared to -12 mln the previous week.”