Oil sector weak

Sector weak this morning as expected..Oil is trading pretty much flat..Was up earlier in Asian trade but gains have evaporated ahead of direction from US this afternoon. BOE and ECB rates decisions at lunchtime likely to be containing the markets too especially in the light of the rate hike surprise from BOE last time. I'd like to see some direction from the US before taking a position . Risk is for further downside during the session in oil shares due to uncertainty..