Topic: Commodity Markets
Will the loonie lead crude this time?
Stockhouse
Recent strength in the Canadian dollar may portend a rally in crude prices.Historically, the CAD/USD exchange rate has tracked crude prices reasonably well. Using weekly data going back to 1983, the two series have a 67% correlation. In recent weeks, however, the Canadian dollar loonie has broken out ...
Oil prices tumble, driven by strong dollar
AFP Global Edition
Oil prices plunged on Friday as the strengthening US currency dented investor enthusiasm for dollar-priced crude, analysts said. New York's main contract, light sweet crude for April delivery, slumped 1.91 dollars to 80.29 dollars a barrel, extending earlier losses. London's Brent North Sea crude for May ...
Oil prices drop, driven by strong dollar
AFP Global Edition
World oil prices fell further on Friday as a strong US currency dented investor enthusiasm for dollar-priced crude, analysts said. New York's main contract, light sweet crude for April delivery fell 59 cents to 81.61 dollars a barrel. London's Brent North Sea crude for May delivery was ...
Oil prices climb on back of OPEC output freeze
AFP Global Edition
Oil prices climbed sharply Wednesday after OPEC, the cartel that produces 40 percent of world crude, held current output quotas unchanged despite a recent runup in prices. New York's main contract, light sweet crude for April delivery rose 1.23 dollars to close at 82.93 dollars a barrel ...
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