Analysts predict weekly decline in US oil inventories

Commercial oil reserves in the US (excluding the strategic reserve) for the week ended April 21 decreased by 1.7 million barrels to 464.3 million barrels, analysts polled by the DailyFX portal assume, Report informs.

These data will be released in the weekly review of the Energy Information Administration of the US Department of Energy late Wednesday.

Besides, the research company GfK will publish an index of consumer confidence in the German economy. Analysts expect the indicator to be minus 27.9 points in May after April's level of minus 29.5 points.