US oil stockpiles rose 2.72 million barrels compared to a 1m drawdown that was expected, in the weekly EIA report. Gasoline supplies also surged.
The price of oil has fallen $1 since the release, dropping below the weekly low of $87.44. Softening global growth points to a retest of $83/barrel.
USD/CAD has bumped up to 1.02 in response.