Bank of Canada cuts rates as expected

Official data from the Energy Information Administration showed commercial crude stocks fell by 3.7 million barrels in the week ending July 10, the fourth decline in a row, passing estimates of a drop of 2.6 million barrels.

US stock indices fell on Wednesday under pressure on the tech sector as investors assess earnings.

Global oil prices rose on Wednesday in American trade for the first time in five sessions, holding above six-week lows, after a drop in US crude stocks.