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6-month bill auction results

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EURUSD test immediate resistance

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OIL

Oil is higher again in Asia-Pac trade on Thursday, on track for a third day of gains. WTI is up $0.53 from settlement levels at $69.37/bbl while Brent is up $0.60 at $71.95/bbl. Delayed API data yesterday showed headline crude stocks fell 5.36m bbls, markets will look to official DOE inventory data later today to confirm this, which would be the biggest draw in a month. Meanwhile negotiations with Iran have been adjourned until next week. Markets expect little material outcome from the discussions, with Tehran's lack of compliance with nuclear curbs likely hindering any near-term oil supply deal.

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