Canada Oct total crude oil imports 597k bpd vs 793k bpd prev

Canada Oct crude oil report just out 5 Dec

• crude imports from US 299k vs 427k prev
• total crude exports 3.36mln bpd vs 3.17mln bpd prev
• crude exports to US 3.34mln bpd vs 3.17mln bpd prev

Also out:

• US Oct crude oil exports rise to record 1.7m bpd
• crude exports to China up 77% in Oct

77% increase in export to China sounds huge but it's all relative given the small % sucked in from the US by the Giant Panda's economy.

Oil prices currently having a little bounce after drifting off the European morning session.