Oil & Gas Daily 28Jul

Tuesday's Crude Auction

WTI Daily Auction 28Jul


  • Tues's Auction Saw Test Of Key Resistance In Asia Trade. Sell Excess Formed There, Driving Price Lower To 41.39s Into The London Auction. Balance Trade Developed In London Trade Before A Sell Excess Formed In The London Auction As Minor Price Discovery Lower Developed To 41.26s As A b Shape Structure Formed Into The NY Open. 
  • Sell Excess Again Formed Early In NY Trade, Driving Price Lower To 40.85s. Sellers Trapped As Buying Interest Emerged There Into The NY Close....