No surprise there.
Oil hit new highs for the day just before the leak with brent running into offers at $79.99. There’s some selling of the news hitting in WTI.
The Canadian dollar is tracking the improvement in oil prices with USD/CAD falling to 1.2729 but there’s support at the low of the day at 1.2724 from Europe. Watch for a pivot around that level.
OPEC has set the date for the next meeting on Feb 2, which is groundhog day. And that will feel like a repeat because they’re likely to hike output again by 400k bpd again.