Theme for 8-31

Will they or wont they Hike In September,this hangs over market. Fridays jobs will go a long way in tipping scales one way or another.As of this morning 38% chance of Fed hike

Month End flows.

OIl: Bullish news
Updated Monthly oil data from EIA,using New methodology shows oil production was lower than initially reported by 100k a day for first half of year.
China has been taking advantage of Lower oil to stock her SPR.It was reported earlier today that china bought a record 36 million barrels over the month  of August


OPEC on wires saying  that dont want oil price to drop so far that cuts Development of new wells.Saudi Oil output for Aug. dropped 70k a day


  •  OPEC willing to talk to partners about OIl price
  • Run  up in oil has  shifted higher Fed hike probability  to 40%

1:00  Weekend Fire  in Alberta Canada puts synacrude out put at risk  bullish for WTI due to cushing supply drop

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