Oil is shedding early gains of nearly $2 despite news of big drawdowns in US inventories. US equities are a few points below earlier highs but trading up better than 1% on the session. EUR/USD has dipped modestly, down tot he 1.4135 area after stalling at 1.4170 earlier, an area where Chinese offers were noted in the market.
Support is down at the 1.4090 level on pullbacks.
