Oil & Gas Daily 30Jul

Thursday's Crude Auction

WTI Daily Auction 30Jul


  • Thu's Auction Saw Narrow Balance Around Wed Settlement During Asia Trade. Buyers Trapped Early In London Trade As A Sellside Breakdown Developed Driving Price Lower To 40.34s Near Thu's ADR Low Target. Selling Interest Emerged There As A Gap Lower Developed Into The NY Open. 
  • Buyers Trapped Early In NY Trade, Confirming The Gap, Before Aggressive Price Discovery Lower Developed To 38.72s. Sellers Trapped There Amidst Buy Excess, Halting The Selloff As A Retracement Rally Developed To 40.31s Into The NY Close....