Chris Temple joins us to discuss a couple news stories that are noteworthy. First we chat about the lack of action from the ECB, not extending its QE bond buying program but still leaving the door open. This is causing traders to move some of their bets from US treasuries back to the Euro.

We then chat about the draw-down in US oil stock piles. The draw-down of 12.1 million barrels last week was a large divergent from the expected 200,000 barrel increase. The storm that hit the east coast last week is to blame but there was also better than expected Chinese import numbers. The most important aspect to consider deals – is this a trend change?

Click here to view a breakdown of the oil draw-down from Reuters.

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