A sharp push lower in USD/CAD following an unexpected draw in crude stockpiles was short-lived, as a rally in oil prices was not sustained. After completely erasing losses as a result of the report, USD/CAD is seen consolidating near highs of the day. The Energy Information Administration (EIA) reported a draw of 550,000 barrels in the weekly crude oil inventories release. Analysts had been calling for a build of 700,000 following a draw of 5.2 million in the prior week. WTI crude oil (USOIL) rallied from a pre-release level of $48.88 to reach a high of $50.07 but failed to make a sustained gain above the $50.00 ... (full story)