WTI crude is in the midst of a good bounce after falling below the 2010 low early in European trading. The low was $63.72 but crude has bounced to $66.56.
OPEC oil retracement
The 38.2% retracement of the 12% post-OPEC decline is at 67.11.
The Canadian dollar is also catching a strong bid, pushing USD/CAD to a session low at 1.1370.
