Tuesday's Auction
As
noted in Tue's analysis, response to demand cluster, 102.50s-101.90s, was key
as buying interest emerged within the demand area, driving price back toward
Key Resistance.
Wednesday's Auction
Graphics
- Petroleum Trade Balance Helps To Mitigate US Trade Deficit. (EIA)
- Kurdish Crude Zigzags Across Mediterranean. (WSJ)
- Currency Effect On Housing Prices. (WSJ)
Central Banks
- 335 Years Of Modern Paper Currency. (Sovereign Man)
- Rise Of Banking Bail-Ins. (Guardian)
Geopolitics
- What Media Won't Report About Malaysian MH17. (Rep. Ron Paul)
- IMF May Downgrade Growth Outlook On Deflation Fears. (Irish Times)
- Would Iranian Style Sanctions "Work" Against Russia? (WSJ)
Supply/Demand & Markets
 |
| Source: EIA (Jul 2014) |
- API: -555k. (Reuters)
- EIA: -4mil v -3mil exp. (EIA)
- West African Overhang Weighs On Brent Market. (Platts)
- Biggest Energy Trading Disaster In History. (Oil Price)