Oil & Gas Daily 07Oct

Wed's Auction Saw Price Discovery Lower To 39.63s As Key Support Failed In Asia Trade Toward Wed's ADR Low Target. Buying Interest Emerged There As Balance Developed Through The London Auction Before Minor Price Discovery Lower Continued To 39.42s Where Sellers Trapped Into The NY Open. 

Rotation Higher Developed To 40.10s Early In NY Trade Where Buyers Trapped Amidst Selling Interest. Rotation Lower Resumed To 39.28s Through The EIA Release (+500k v +290k exp). Sellers Trapped Amidst Buying Interest, Driving Price Higher To 40.10s Into The NY Close....