Midweek News 21Aug

Source: EIA (Aug 2013)

Graphics

  • Bond Market Bull & Bear, 1980-Present. (Bespoke)

Central Banks

  • Fed’s Ownership Of US Debt Breaks $2tril For First Time. (CNS News)
  • Indian Rupee At Record Low Despite RBI Intervention. (Reuters)
  • Fed Helps Make Yen Even More Of A Sell. (Money Beat)
  • Fed Mulls Reverse Repos To Cut Liquidity. (Reuters)

Geopolitics

Supply/Demand & Markets 

  • API: -900k v -1.5mil exp. (Reuters)
  • EIA: -1.4mil v -1.5mil exp. (EIA)
  • Goldman’s Inside Track On Oil By Rail Boom. (Reuters)
  • A Look At Reserves & Resources. (IEA)

Weekend News 17Aug

The market balanced early week, 105s-106.40s, around last week’s Settlement, 106s, in continued low volatility trade. The market continued narrow rotational trade into midweek. 

A Structural Buying Tail, 105.60s-106.05s, confirmed in the Wed session, driving price higher, achieving the Stopping Point, 108.20s, within the Major Overhead Supply Cluster, 107.10s-108.20s. The market balanced, 106.50s-107.50s, into week’s end with Sep-Oct contract roll underway, closing 107.30s.

Graphics

Central Banks

  • Five Lesser Known Facts About Yellen & Summers. (Reuters)
  • BOE Split On Forward Guidance. (Telegraph)

Geopolitics

Supply/Demand & Markets 

  • Oil Demand In China, India & Iranian Import Issues. (Platts)
  • Mexico Plans Regulatory Changes for Privatized Risk Sharing After 75yr State Monopoly. (Bloomberg)