United States EIA Crude Oil Stocks change down to -1.781M in May 2 from previous 1.698M

Camilla Sutton, analyst at Scotiabank commented that even though the EUR/USD is higher (at 1.39) than it was at the last ECB meeting (1.37), they do not foresee this as strong enough to justify a rate cut. Scotiabank do not expect an interest rate cut or the launch of QE at tomorrow’s meeting.