Midweek News 06Jun

Graphics

• Oil Inventories. (Bespoke)
• EU Inflation. (Reuters/Scott Barber)
• Weekly Crude Oil Stocks. (EIA)

Central Banks

• EU Seeks Lender Levy, Debt Losses As Step To Banking Union. (Business Week)
• Germany Opens To Banking Coordination In Drive For Fiscal Union. (Bloomberg)
• RBA: Cuts Cash Rate, 25bps. (RBA)
• ECB: Rates Unchanged. (ECB)
• Brazil: Interest Rates & Currency Driven Lower By Policymakers. (FT Beyond BRICs)

Geo-Politics

• US Role To Fade With China Calling Shots As Creditor. (RT)
• Turkey Steeply Cuts Iran Crude Imports. (Reuters)
• 10 Things To Remember About A Banking Union. (FT Brussels Blog)

Supply/Demand & Markets

• Brent Rebounds Above $99 On Dollar & G7 Talks. (Reuters)
• API: -1.75mil v -500k exp. (Reuters)
• EIA: -111k v -1mil exp. (EIA)
• Seaway Pipeline  Makes First Delivery Of Crude Oil To Texas Gulf Coast. (MarketWatch)
• Does China Still Need 8% Growth? (FT Beyond BRICs)