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| Brent-WTI spread closed lower this week at/near $17.86. In spite of this past week's FOMC QE3 policy, the spread thus far has failed to take out the August high at/near $20. USDollar-WTI correlation has moved toward full negative correlation (-.44 to -.98). Should this degree of negative correlation continue, then USDollar market movement should have more prominent effect on WTI pricing in the near term. |
- Japan Oil Stocks. (Reuters)
- BRIC Interest Rates. (Reuters/Scott Barber)
- US & Eurozone Industrial Production. (Reuters/Scott Barber)
Central Banks
- FOMC: $40bil MBS/MONTH, Extend ZIRP 2015, Extend OpTwist. (Federal Reserve)
- QE, Brazilian Style. (FT Beyond BRICs)
- ESRB Aims For EU Shadow Banking Proposals by 2013. (Bloomberg)
- 10 Countries With Biggest Gold Reserves. (Business Insider)
- BA Sees Fed Assets Surpassing $5trillion By End 2014, Gold $3350/Crude $190. (Zerohedge)
- Week Ahead In Central Banking. (FT Money Supply/Claire Jones)
Geo-Politics
- "Arab Fall": Live Timeline Of Anti-US Uprisings. (RT)
- Iranian MPs Call For Rapid Intervention To Halt Currency Turmoil. (Reuters)
- China's US Debt Holdings Aren't A Threat, Sayeth Pentagon. (Bloomberg)
- US Pays $104mln To Whistleblower Who Reported Employer. (RT)
Supply/Demand & Markets