Tuesday's Auction
As noted in Tue's analysis, focus on maturation of the current Cluster,
67s-69.40s, continued into Wed's auction
extending the development of Balance. Focus on response to the developing D
shape distribution and potential directional activity into Thu's auction.
Wednesday's Auction
Central Banks
- 5 Things To Watch In ECB's Thu's Policy Guidance. (WSJ)
- Brazil & Uruguay Switch From USDollar To Local Currency For Bi-Lateral Trade. (Sputnik News)
Geopolitics
- Saudis Would Only Consider Production Cuts If Others, Including Russia Join In, Sayeth Ex-Intel Chief. (Reuters)
- Iraq & Kurds Reach Accord Over Oil Revenue. (Washington Post)
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| Source: EIA (Dec 2014) |
Supply/Demand & Markets
- EIA: -3.7mil v +700k exp. (Platts)
- Why Black Gold's Lower Prices Are Unsustainable. (Liam Halligan via Telegraph)
- Banks $650bil Bet on High Yield Oil &Gas Debt At Risk. (Telegraph)