09-14Nov Auction
As noted in last week's analysis, focus on response to Stopping Point Low, 73.25s, was of focus in this week's auction as buying interest emerged mid-week above there at last week's Buy Program support area, 74s. Focus into next week on response to 76-76.50s for acceptance or negation of buyside breakout and potential price discovery toward the Overhead Supply Cluster, 79.50s-81.60s.
16-21Nov Auction
Central Banks
- FOMC Minutes. (Federal Reserve)
- China's Surprise Interest Rate Cut. (Reuters)
- Draghi Seeks Inflation...Fast. (Bloomberg)
Geopolitics
- Saudi Oil Policy Needs Better Communication. (John Kemp via Reuters)
- Russia Prepared For Catastrophic Decline In Oil Prices, Sayeth Putin. (Business Insider)
- Cheap Oil Tilts Geopolitical Power To US. (Bloomberg)
Supply/Demand & Markets
- World Energy Outlook, Key Findings. (IEA via EU)
- Brent Prices To Stay Below $90 Through 2016 Sayeth Goldman. (Value Walk)
- Drop In Oil Price Is Not All Good News For China. (Platts)