Brent eventually rebounds after US stockpiles decrease by much more than forecast

Earlier this afternoon the price of Brent crude fell back sharply after the weaker than expected ISM report. Prior to that it had risen to a session high at $86.90. The slide that followed saw it drop to a low at $85.90. However, it is now rebounding some of that earlier fall after the latest US inventory data showed a much greater than forecast in the weekly report. The markets had expected a draw of less than 1 million barrels. The actual draw was 12.15 million. Now more usually the oil price might have reacted more positively to such an increase, but initially it tried to brush that off. However, it is trying to rebound right now. The question here right now; is will the greater immediate demand outweigh what was potential evidence of a deeper US economic slowdown. Brent for September delivery is currently trading at $86.40