The market opened this week at/near 104.90s, where sell programs entered, driving price lower, achieving the Weekly Stopping Point Low, 102.30s, at/near Key Structural Support into midweek.
Buy programs entered there as responsive buying drove price off the low toward 104s, forming the week's Balance area. Development of the Balance, 102.30s-104s, continued for the remainder of the week, closing at/near 102.90s.
Central Banks
Geopolitics
- Fast Tracked Nuclear Talks With Iran & World Powers. (AP)
- Japan May Aid In Removal Of Syria's Chemical Weapons. (Diplomat)
- Despite Energy "Independence", US Still Cares About Peace In Middle East.... (Platts)
- UNSC Unanimously Adopts Syria Resolution. (RT)
- Iran Outreach To US Faces Tests At Home. (AP)
Supply/Demand & Markets
- Canadian Oil Could Soon Head West By Rail. (Oil Price)
- Libyan Crude Exports Resume. (Platts)