WTI Crude Daily 17Jul

Friday's Auction
via The Daily

As noted in Thu's analysis, the focus into Fri's auction on response to Thu's Sell Spike (51.60s-51.25s In Sep contract), was key as minor range extension lower developed as the Aug-Sep contract roll completed. Focus into Mon's auction on response to Key Demand Cluster, 50.50s-51.50s, within the context of an Unsecured Low.