WTI crude sputters following the surprise buildup in US oil inventories last week. The latest EIA data showed that the US stockpiles increased by 7.9 million barrels last week, versus a 2.5-mio barrel decrease penciled in by analysts, denting the appetite on lower-supply / better-demand dynamic. Top sellers are waiting in ambush near $35 per barrel. We could possibly see another retreat toward the $32/30 support zone.
In the FX, the US dollar plunged as safe haven capital flew toward the yen, Swiss franc and gold.
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