Loonie comes alive
USDCAD is on the move. It languished on the sidelines for four days, locked in a tight 1.3280-1.3360 range, but that changed this morning.
Head of Commodity Strategy
Summary: After yesterday's surprising API report the oil market's attention now turns to this afternoon's stock report from the EIA, which could provide another surprise.
Crude oil trades higher after the American Petroleum Institute (API) yesterday reported a surprise drop in US crude stocks of more than 4 million barrels, very different to the 3 million barrel increase expected by the EIA later today.