Commodities were mixed: oil prices fell despite EIA - ANZ

Analysts at ANZ noted that commodities were mixed, with industrial commodities stronger while selling in the energy market continued.

Key Quotes:

"Brent crude oil prices fell despite EIA data showing US inventories unexpectedly fell.

The decline of 553,000 barrels last week was centred on the west coast, which is isolated from the rest of the network.

Inventories actually increased along the East and Gulf Coasts. However, investors remain uncertain as to whether OPEC can implement the tentative agreement to cut production."