Risk looks brisk after oil data.
Quick pops in the dollar, the pound, the euro and the cad as oil maintains the gains.
GBPUSD to 1.4235 in a rush, from 1.4187
EURUSD to 1.1015 from 1.0980
USDJPY to 113.14 from 112.85
USDCAD to 1.3303
Yen pairs are loving it too.
There's headlines pointing to the gasoline drawn down being the biggest since Apr 2014 but if the market is jumping on that, it's a weak excuse. However, I mentioned that spec longs would be looking for one and they've got it.
Back to reality, and oil stocks just posted a new record high. This is the chart every oil long shouldn't ignore.
Total US oil stocks
