Weekend News 08Sep

Another choppy series of auctions this week as the market dealt
with the ECB announcement & US NFP. The Brent-WTI spread 
ended the week largely unchanged from last week’s close at/near $18.31. Following
the rally of the spread toward the April highs in mid August, Brent-WTI has since failed
to make new highs above the $20 area.   
Meanwhile, Brent-WTI correlation was also largely unchanged from last week’s close
at/near (+.55), and USDollar-WTI correlation moved toward neutral closing at/near (-.44)
from last week’s close (-.87). 

FOMC decision is likely key event this week.

Graphics

Central Banks

Geo-Politics

Supply/Demand & Markets

Midweek News 05Sep

Graphics

Central Banks

Geo-Politics

Supply/Demand & Markets

  • Oil & Gas Firms Work To Restore Output After Isaac. (Reuters)
  • China Embraces Oil Shale & Fracking. (Oil Price)
  • Norway Oil Strike Averted After Deal Forged. (Platts)
  • US Says 49% Oil Output Shut In US Gulf Due To Isaac. (Reuters)