Important oil data out this week: Hansen

According to Saxo Bank's head of commodities, the market is challenged. Oil is staying below key resistance at $47/barrel (WTI) and $50/b (Brent) and hard data is needed, Hansen says.
He points to the release of several import reports this week: EIA's STEO report is out later today ahead of API at 2030 GMT and EIA inventories Wednesday.