Oil & Gas Daily 20Jul


Monday's Crude Auction

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WTI Daily Auction 20Jul

WTI

  • Mon's Auction Saw Price Discovery Lower During Asia Trade To 40.38s As Key Resistance Held. Price Discovery Lower Continued To 40.20s In London Trade. Buy Excess Formed There, Halting The Pullback As Balance Developed Into The NY Open. 
  • Selling Interest Emerged Early In NY Trade, Driving Price Modestly Lower To 39.97s. Sellers Trapped Amidst Buy Excess, Halting The Pullback. Rotation Higher Then Developed To 41.02s Into The NY Close....