Midweek News 10Sep

Tuesday's Auction

As noted in Tue's analysis, focus on response to 92.50s was key in Wed's auction as selling interest emerged there, driving price lower through the neutral EIA data achieving the Stopping Point Low at/near the Daily 1st Std Dev Low. Focus on response to 91.20s-91.60s into Thu's auction. 

Wednesday's Auction

Central Banks

  • Fed's Rate Guidance On Chopping Block. (Reuters)

Geopolitics

  • US War Powers: Declared v Undeclared Wars/Deployments. (Bloomberg)
  • The $5Trillion War On Terror. (TIME)
  • Latest EU Sanctions Set To Hit Russian Oil Majors. (Platts)

Supply/Demand & Markets
Source: EIA (Sep 2014)

  • UK & Scottish Banking Sector Assets. (FuW)
  • US Power Plant Capacity Additions, H1 2014. (EIA)
  •  EIA: -1mil v -1.5mil exp. (EIA)