Tuesday's Auction
As
noted in Tue's analysis, focus on response to
the Structural Stopping Point. 92.60s, was key into Wed's session as
buying interest emerged at/near 92.80s, confirming the Stopping Point Low,
driving price higher toward Mon's Sell Program Resistance, 93.50s. Focus on
potential for Balance Development into Thu's session.
Wednesday's Auction
Graphics
- Hydraulic Fracturing & Seismicity. (Oil & Gas Post)
- Russia-China Deal To Supply Siberian Gas To China's Northern, Eastern Provinces. (EIA)
Central Banks
- The SDR As New Reserve Currency. (Jose Antonio Ocampo via World Economic Forum)
Geopolitics
- Iraq: Oil & Water. (Platts)
- Hillary Clinton's Foreign Policy Views Don't Matter In Election Politics. (Diplomat)
- The Coming CLASS War. (Andrew Sheng via Project Syndicate)
Supply/Demand & Markets
Source: EIA (Aug 2014)
- API: - 1.4mil v -1.2mil exp. (Reuters)
- EIA: -4.5mil v -1.16mil exp. (EIA)
- The Economist's 1999 View Of Oil Prices. (Economist)