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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Dennis Roth who wrote (185077)	8/6/2014 10:14:22 AM
From: Dennis Roth	1 Recommendation Recommended By evestor Read Replies (3) of 206307

Energy Weekly: Crude Markets Soften As Investors Take Money Off the Table — Large Drops in Speculative Net Length and Open Interest for WTI and Brent in July; ISIS Takes Control of Kurdish Oil Fields 4 August 2014 ¦ 14 pages ir.citi.com The weakness in crude markets over the past month has been largely a function of financial outflows by the investor community. COT data show managed money net length in ICE Brent down 50% and NYMEX WTI down 20% in July. Open interest also fell 18% and 6% for Brent and WTI respectively during the month. A troubled geopolitical environment hasn’t been enough to offset weakness emanating from physical crude markets and the 1st of the month (when index/roll-yield/fund investors typically re-allocate new money) last Friday saw a further weakening of crude prices amidst lackluster demand. Brent prices have fallen well past the level seen just before ISIS took Mosul and are close to the April 2nd YTD low of $104.79/bbl. Christopher J Main \| Seth M Kleinman \| Eric G Lee \| Edward L Morse \| Anthony Yuen

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