Weekend News 01Sep

Largely listless trade this week ahead of Jackson Hole &
next week’s ECB announcement/US NFP. Brent-WTI spread moved higher
from last week closing at/near $18.36. The USDollar-WTI correlation saw continued
increase in negative correlation to (-.87) from last week’s (-.13) while Brent-WTI’s positive  correlation declined to (+.57) from last week’s (+.84). The ECB narrative with an increasing negative correlation with USDollar may result in currency movement having a larger impact on WTI movement.


Central Banks


Supply/Demand & Markets

  • Oil Market Overview With James Hamilton. (Oil Price)
  • Oil Reserves Could Be Tapped If Prices Stay Above $100. (Telegraph)