Oil & Gas Daily 29Jul

Wednesday's Crude Auction

WTI Daily Auction 29Jul


  • Wed's Auction Saw Balance Trade Around Tue Settlement During Asia Trade. Price Discovery Higher Developed Early In London Trade To 41.56s. Selling Interest Emerged, Halting The Rally Into The NY Open. 
  • A Narrow Pullback Developed Early In NY Trade To 41.17s As Buying Interest Emerged Through The EIA Release (-10.6mil v +350k exp) As Narrow Balance Continued Through The FOMC Interest Rate Decision (Unchanged) Into The NY Close....