If oil breaks 47.86 then 47.60 is next to continue the bearish trend 46.80. If not then I expect Oil to push back up to 48.40 then 49.30 by NY open which would be a great short for the morning. The news is still slightly bullish since Canada had 90 rigs go offline but the US still added 20 and I think the U.S matters more than Canada because the U.S producer are more efficient or getting more Oil per well drilled in Canada compared to Texas
