China's yuan may come into the International Monetary Fund's benchmark currency basket at a lower weighting than the 14 to 16 % range estimated by economists, people briefed on the Fund's discussions told Reuters.
Any sense of bullish optimism seemed to get lost after the American Petroleum Institute blindsided the market with a reported 6. 3 million barrel build in crude oil supply. The number was about 5 times larger than market expectations and came as traders were trying to asses conflicting reports from different reporting agencies and conflicting OPEC comments. In the end though, after the whopping increase in weekly supply, the focus turned to the near term oil glut.