Just what The Doctor ordered for Energy complex as EIA reported a hefty Draw in US oil stocks of 3.6 Mln. the draw actually bigger if we exclude the Padd 5 build of 1 Mln. Oil eXports adding to the Bullish oil environment by Jumping higher by 14% vs last weeks number. Crude did rally touching new Pit session highs, but problem is Brent did as well providing only a small boost to the brent/ CL spread.The activity in brent today could make for an interesting European /London close.
Both Hogs and Cattle trading/trending lower as Fears of Mexican trade retaliation weighs. Mexico Number destination for US pork and #3? for US beef,Soybeans also heavy as retaliation worries persist.