
EIA Crude Inventories Draw 0.4M vs Forecast 1.4M Draw
EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.
Trump orders import bans on Canadian alcohol, dairy and motorbikes from Sep 29 as Ottawa’s counter-tariffs hit. BBC stamps mopeds among full bans; a secondary write-up says motor vehicles. USD/CAD near 1.3780.

The United States is banning a slate of Canadian products — including alcoholic spirits, dairy goods and motorbikes — as Canada’s retaliatory tariffs on American goods come into force, BBC reported (Osmond Chia). In a series of executive orders on Tuesday, President Donald Trump said Canada is “discriminating” against the US and outlined import bans that will begin 29 September.
Canada’s dollar-for-dollar counter-duties on US goods came into effect after midnight on Tuesday, after last month’s White House 50% tariffs on around $20bn of Canadian goods. Prime Minister Mark Carney said in a video address that Canada’s pivot away from the US as its largest trading partner “will come at a cost,” and separately: “There’s always a cost to action. But it doesn’t come close to the cost of standing still.”
On the BBC page, products banned from import entirely include dairy products like whey, cane molasses, non-alcoholic beer, a long list of wine/rum/vodka products, beer made from malt, and motorbikes, including mopeds. Those facing higher import taxes (not full bans) include various cheeses, raw hides and skins, paper, some furniture and mattresses, some metals including aluminium and iron, motorboats, golf carts, fishing rod parts, and switchboards.
A secondary write-up of the same package frames the bans as covering alcohol, dairy and motor vehicles, with effect by September 29. The BBC list stamps motorbikes, including mopeds among the full bans — those two framings are quoted separately here, not averaged.
USD/CAD is down 0.03% on the day at 1.3780. That tape echoes the earlier USD/CAD oil pack.
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EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.

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