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| Another choppy series of auctions this week as the market dealt with the ECB announcement & US NFP. The Brent-WTI spread ended the week largely unchanged from last week's close at/near $18.31. Following the rally of the spread toward the April highs in mid August, Brent-WTI has since failed to make new highs above the $20 area. Meanwhile, Brent-WTI correlation was also largely unchanged from last week's close at/near (+.55), and USDollar-WTI correlation moved toward neutral closing at/near (-.44) from last week's close (-.87). FOMC decision is likely key event this week. |
- Crude Inventories. (Bespoke)
- Asset Performance Since Draghi London Speech. (Reuters/Scott Barber)
- China: Economy, Trade, Production. (Reuters/Christine Chan/Catherine Trevethan)
- NFP. (FT Data)
- Week Ahead In Central Banking. (FT Money Supply/Claire Jones)
- Did The Great Financial Crises Begin With End Of Gold Standard? (Zerohedge)
- Obama's Energy Plan. (Huffington Post)
- US SPR Release Imminent? (Platts)
- Canada Closes Iranian Embassy, Suspends Diplomatic Ties. (RT)
- Angola: Power & Petroleum. (FT Beyond BRICs)
- API: -7.2mil. (Reuters)
- EIA: -7.4mil v -5mil exp. (Platts)
- Repricing Of Oil. (Peak Prosperity/Gregor Macdonald)
- Iraq's Oil Exports & Broader Problems. (Oil Price)