WTI 21Dec

Monday's Auction

via The Daily 

As noted in Fri's analysis, the focus into Mon's auction on continued response to Composite Cluster Low, 35s-36s, was key as narrow rotational trade developed there as the holiday-shortened week began. Focus into Tue's auction on response to the Composite Cluster Low, 35.20-35.70s, within the context of a D shape distribution from Mon's auction.

Week In Review 20Dec

13-18Dec Auction

via The Daily

Central Banks

• FOMC Statement. (Federal Reserve)
• Brief History Of US Inflation, 1775-2015. (WSJ)
• What The Fed Rate Hike Means. (Paul Craig Roberts)

Geopolitics

• Russia Boosts Oil Sales In Asia As OPEC Stalls. (Reuters)
• Spending Bill To Lift Export Ban. (The Hill)
• NATO Defense Cuts To End Aid Security Concerns. (Telegraph)
• UN Climate Change Conference: Turning Point For Energy? (Wood Mackenzie)

Supply/Demand & Markets

• Cheap Oil Forces SWFs To Retreat. (Reuters)
• With Oil Hedges Rolling Off, Shale Producers Face Test. (Reuters)

WTI 18Dec

Friday's Auction

via The Daily 

As noted in Thu's analysis, the focus into Fri's auction on response to Thu's Cluster, 36s-36.40s, was key as both initiative sell and buy programs emerged around the Key Composite Cluster Support Area, 36s-36.40s. Focus into Mon's auction on continued response to Composite Cluster Low, 35s-36s.