Midweek News 20Jun

Graphics

• Brent-WTI Spread Drops To Lowest Level Since January. (Bespoke)
• Crude Oil Stocks. (EIA)
• Crude Oil Stocks v Historical Averages. (Bespoke)

Central Banks

• Fed Tracker, Last 5 Years. (WSJ)
• Fed Extends Twist. (Telegraph)
• Fed Extends Twist Through 2012 End, Redline Version. (Zerohedge)

Geo-Politics

• No Breakthrough In Iran Nuclear Talks. (RT)
• Iran & West Plan July Talks. (Reuters)

Supply & Demand/Markets

• OPEC Exports Earned $1.04 trillion in 2011, up from $745 billion. (Platts)
• Brent Complex Flips To Contango, Oversupply In Europe. (Platts) 
• Arctic Exploration, Rosneft. (RT)
• API: -550k. (Bloomberg)
• EIA: +2.9mil v -1.3mil exp. (EIA)