Midweek News 22Aug

Graphics

  • S&P 500 Sectors Relative Performance. (Bespoke)
  • Crude Oil Price Review, YTD. (EIA)
  • Crude Inventories (Page 10). (EIA)

Central Banks

Geo-Politics

  • Tax v Debt: Where Does US Funding Come From? (Zerohedge)
  • White House Mulls Release Of SPR. (Fox Business)
  • Rising Gas Prices In US Not A Big Concern For Voters. (Reuters)
  • POTUS’ Latest Pretext For War With Syria. (RT)

Supply/Demand & Markets

  • API: -6mil v +250k exp. (Reuters)
  • EIA: -5.4mil v -250k exp. (EIA)
  • China’s Jul Iran Crude Imports Slide 30% On Year. (Platts)
  • The Potentials Of & Concerns Over LTO. (IEA)

WTI Crude: Summer Volatility Shift From London To NY 18Aug

Eurozone Crises driven volatility in early July in the London session has declined substantially into mid August.

 Meanwhile, near term low volatility from early July in the NY Session has normalized into mid August in spite of the summer doldrums.

Fiscal & banking decisions due in September in Europe will bear watching….

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