Short-term gain, longer-term pain for crude oil
Crude oil has settled into a relatively tight range above $80/barrel, with forecasts weighing short-term upside risks against the potential of slowing demand growth and rising non-Opec production.
FX Trader, Loonieviews.net
Summary: New York opened with a bounce, although volatility remains elevated in the wake of Wednesday's equities plunge. In forex, we are watching USDCAD detach from WTI prices on the decline in WCS Canadian crude.