|Globex balance from 88.40-87.60s.|
|Correlations reinvert this week.
Recent correlation trend in USD-WTI reversing?
|This week’s auction showed a breakout abv last week’s
Balance area 84.40s-87.20s. As inferred last week,
price discovery occurred into the upper cluster 87.50s-89.20s.
Sellside shut off the buyside auction at/near 89.60s following
Following multi-week balance from 84s-87.20s and weekly value now
- FSB’s 5 Steps To Fix Shadow Banking. (Business Week)
- Cure For Economic Slump, Higher Interest Rates? (Bloomberg)
- European Banks Call For Basel III Delay. (Telegraph)
- World Economic Forum’s New Energy Powwow In Canada. (Platts)
- Argentina Hikes Energy Tariff. (FT Beyond BRICs)
- Turkey-Syria Standoff: Patriot Missiles, Kurdish Fighters At Border. (RT)
Supply/Demand & Markets
- China’s Oil Demand Continues Robust Growth In Oct. (Platts)