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A sharp drawdown of troops is one of many options Mr. Obama is considering.
A Pentagon official who supports a sharp drawdown described the steep troop reductions as "what we're shooting for, our initial goal".
"It was a very sharp drawdown that should pave the way for a better recovery down the road," said Kathleen Stephansen, director of economic research for Credit Suisse First Boston.
February crude futures were up 0.3 percent at $74.64 per barrel after data showed a sharp drawdown in U.S. crude stockpiles.
Similar(56)
At the same time, McCain's budget proposals call for $150bn per year in savings from Iraq and Afghanistan by 2013, even though US spending in Iraq and Afghanistan totaled only $171bn in 2007 - implying that McCain is counting on sharp drawdowns in both countries.
"On a more positive note, the very sharp falls in industrial output in Sweden have entailed a significant drawdown of inventories," said Varun Bhabha, an analyst at Barclays Capital.
This drawdown will continue.
No drawdown limits.
"Our goal should be drawdown".
Drawdown must not mean write-off.
The drawdown was kind of slow sometimes.
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