United States EIA Crude Oil Stocks change registered at -1.404M, below expectations (-0.763M) in May 11

May 16, 2018

USD/CAD tumbles to lows, back around 1.2800 handle

• CAD rallies after Canadian govt. announces to backstop Kinder Morgan. • A modest USD retracement/weaker US bond yields add to the pressure.

WTI turns positive above $71.00 post-EIA

Prices of the barrel of the American reference for the sweet light crude oil are bouncing off earlier troughs and are retaking the $71.00 mark followi