Oil prices down over 1% on the day 20 June
Brent crude down from $47.45 to $46.06 lows not seen since November 2016.
WTI posting lows of $43.22 from $44.40.
No great news of note that I can see but perhaps our oil traders have a good reason apart from supply still expected to outstrip demand despite output cut agreement.
I've cast doubt over the effectiveness of that deal since it's inception and stand by that view. I'm no oil expert but I do see prices coming lower still overall.
USDCAD up to test Asian highs of 1.3250. Large-ish option expiries potentially in play at 1.3300.
Brent crude oil
