Oil & Gas Daily 12Aug

Wednesday's Crude Auction

WTI Daily Auction 12Aug


  • Wed's Auction Saw Buying Interest Emerge Near Key Support In Asia Trade After Sellers Trapped Into Tue's NY Close. Balance Developed Before A Buy Spike Formed, 41.80s-42.12s, Negating Tue's Sell Spike Into The London Auction. The Rally Continued To 42.59s As A Second Buy Spike Formed, 42.30s-42.59s, Into The NY Open. 
  • Balance Developed, 42.59s-42.23s, Early In NY Trade Before A Breakout Attempt Developed To 42.72s At Wed's ADR High Target Through The EIA Release (-4.5mil v -2.8mil exp). Selling Interest Emerged There, Halting The Rally Before A Pullback Ensued To 42.17s Testing The London Spike Low Into The NY Close....

Oil & Gas Daily 11Aug

Tuesday's Crude Auction

WTI Daily Auction 11Aug


  • Tue's Auction Saw Balance Above Mon Settlement In Asia Trade. Buy Excess Formed, 42.07s-42.20s, Early In London Trade, Driving Price Higher To 42.89s Into The NY Open. 
  • A Minor Probe Higher Developed To 42.94s Near Tue's ADR High Early In NY Trade. Buyers Trapped Amidst Sell Excess, Halting The Rally. Price Discovery Lower Continued To 41.52s, Testing Settlement, Into The NY Close....