Midweek News 16May

Graphics

• Crude Inventories. (Bespoke)
• Commodities Snapshot. (Bespoke)

Central Banks

• China Cuts RRR 50bps. (Zerohedge)
• China Banks' Forex Sales May Indicate Capital Outflows. (Bloomberg)
• China's RMB Exodus. (FT Alpha)
• Brazil's Currency War. (FT Beyond BRICs)
• Argentina: Pressure Mounts On Peso. (FT Beyond BRICs)
• Bank of England Opens Door For More Stimulus. (Markit)
• Indian Rupee Hit By Global Risk Aversion. (FT Beyond BRICs)
• LTRO 3 Speculation. (Zerohedge)
• Fed Minutes: Easing May Be Needed If Recovery Falters. (Zerohedge)

Geo-Politics

• Greek Euro Exit & Effects. (RT)

Supply/Demand & Markets

• Proposed US Rule Change May Boost Volatility. (IEA)
• "Other Reportables" Oil Mystery. (FT Alpha)
• Euro Gas Crack hits Two-Week Low. (Platts)
• API: +6.6mil v +1.7mil exp. (Reuters)
• EIA: +2.12mil v +1.75mil exp. (EIA)
• Seaway Pipeline Reversal, Mixed Views. (Reuters)
• This Week In Petroleum. (EIA)