Following a pause at/near 99.30s, sell programs entered midweek, driving price lower, achieving the Stopping Point, 95.95s, at/near the Avg Wkly Range Low, where responsive buy programs entered, driving price off the low. Buy programs entered at 97s, driving price higher toward 98s, closing the week at/near 97.85s.
Graphics
- Supply & Demand Look: Medium Term Oil Market Report. (IEA)
- HFT Effect In GOOG Options. (Nanex)
- 4 out of 5 Market Valuations Agree: Market Overvalued. (Zerohedge)
Central Banks
- Fed To Tighten Security of FOMC Statement. (MarketWatch)
- Senator Paul Plans 'Hold' On Yellen Nomination. (Reuters)
Geopolitics
- Rising Tensions In Niger Delta. (Platts)
- African Nations Seek Ways To Make Oil A Blessing, Not Curse. (Guardian)
Supply/Demand & Markets
- Potentials & Risks To The $5tril Permian. (Bloomberg)
- Euro Hits Highest Weekly Close Since Oct '11. (Forex Live)