Oil breaks the lows of the week in quick fall

Author: Adam Button | Category: News

Crude takes a tumble

WTI crude has quickly fallen to the lows of the day, down $1.82 to $38.35.

The drop breaks lows from this week and from Sept 21 that had been acting as support.
Crude takes a tumble

The response from the Canadian dollar so far has been mum, perhaps due to a jump in Canadian natural gas prices today. I would expect USD/CAD to rise but the market is closely watching the US stimulus front right now.

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