Weekend News 10Aug

The market balanced early week, 107.70s-106.70s, around last week's Settlement, 106.94s, before sell programs entered at/near 107s, beginning a sellside directional phase. 

Price discovery lower continued into midweek, achieving the Stopping Point, 102.20s, at/near the Average Weekly Range Low. A Structural Buying Tail, 102.20-102.50, emerged late Thu as buy programs entered, shifting the order flow balance for the week. The market auctioned higher, achieving the Stopping Point, 106.20s, closing at/near 106s. 

Graphics

• API: Eagle Ford, Bakken, LLS, Mars Grades. (Platts)
• EIA's Nat Gas Release Depth Of Book. (Nanex) 

Central Banks

• BOJ Calls For Fiscal Discipline While Debasing The Currency. (Reuters)
• RBA Trims Growth Forecasts. (Reuters)
• Yuan Hits High v USDollar. Paging Tim Geithner.... (Money Beat)

Geopolitics

• Asia Will Bear The Brunt Of New Iran Sanctions. (Diplomat)
• KRG Vows To Defend Kurds In Syria. (AP)
• JPMorgan Reveals Criminal & Civil Inquiries. (Dealbook)

Supply/Demand & Markets

• Water For Energy. (IEA)
• Oil Market Tracking By Tanker. (IEA)
• Strikes & Unrest Cut OPEC Supplies, Sayeth IEA. (Reuters)