Weekend News 15Sep

Brent-WTI spread closed lower this week at/near $17.86. In spite of
this past week’s FOMC QE3 policy, the spread thus far has failed to
take out the August high at/near $20. USDollar-WTI correlation has moved
toward full negative correlation (-.44 to -.98). Should this degree of negative correlation continue,
then USDollar market movement should have more
prominent effect on WTI pricing in the near term.


Central Banks
  • “Arab Fall”: Live Timeline Of Anti-US Uprisings. (RT)
  • Iranian MPs Call For Rapid Intervention To Halt Currency Turmoil. (Reuters)
  • China’s US Debt Holdings Aren’t A Threat, Sayeth Pentagon. (Bloomberg)
  • US Pays $104mln To Whistleblower Who Reported Employer. (RT)
Supply/Demand & Markets
  • Brent-WTI Spread To Narrow by End Of 2013 Sayeth EIA. (EIA)
  • Biofuels Evolution: Food v Fuel Debate & Beyond. (Platts)