Midweek News 09Jul

Key Support, 103s, failed as support into the Pit session, resulting in price discovery lower to 102s, at/near the Apr-Jun composite POC. Price discovery lower continued toward 101.70s upon Globex reopen.

Graphics

•  Unrest In Iraq Effect On Iraqi Oil Production Growth. (EIA)

Central Banks

• Mark Carney, Fashion Icon. (Bloomberg)

• Benn Steil On Recent Monetary History. (Mcalvany Weekly)

• Central Banks To Return To "Artful" Policy & Guidance. (Reuters)

• PBOC Wades Into Fiscal Waters As It Boosts Stimulus. (Bloomberg)
  

Geopolitics

• Europe Seeks Alternative To USDollar Dominance. (Gold Core)

Supply/Demand & Markets  

Source: EIA (Jul 2014)

•  API: -1.4mil v -300k exp. (Reuters)

• EIA:  -2.4mil v -2.15mil exp. (EIA)

•  Six Formations Responsible For Surge In Permian Basin Production. (EIA)