|The Brent-WTI spread closer marginally higher this week at/near $22.76.
The inability of the buyside to drive the market above the near term supply cluster
from $91-93s is worth noting in light of the rising spread condition.
Middle East tensions, Elections, and the Earnings season narrative may provide
|Source: EIA (October 2012)|
- Negative Real Rates Distorting Market Price Mechanism? (IEA/FT Alpha)
- Why So High The CNY? (FT Beyond BRICs)
- LIBOR-Gate Comes to Crude: Price Fixing In OTC By PRAs? (Zerohedge)
- Pentagon Deploys SF To Jordan-Syria Border. (RT)
Supply/Demand & Markets