12-17Oct Auction
As noted in last week's analysis, focus in this week's auction on response to Major Structural Demand, 80s-77s, was key as price discovery lower occurred to test Key Support, 80s, within the framework of development of the larger Balance. Focus on maturation potential of the Balance, 79.30s-83.95s, into next week's auction.
19-24Oct Auction
Central Banks
- Fed's $4 Trillion Holdings To Boost Growth Beyond QE. Back To Bed America.... (Bloomberg)
Geopolitics
- Putin's Harsh Critique Of Western Policy. (RT)
- Oil Market Machinations Of The Cold War. (Telegraph)
- Chronology Of Controls On US Oil Exports. (John Kemp via Reuters)
Supply/Demand & Markets
- $80 Crude Muffles Shale Forecasts. (Bloomberg)
- Oil Tankers To China Jump Amid Crude Price Decline. (Bloomberg)