Crude prices picked up even more as this morning’s unexpected drop in inventory levels caught markets off-guard. Experts had been calling for an increase in inventory levels, while Saudi Arabia further reiterated its commitment to lower production levels. The Canadian dollar has followed oil prices in recent days and to day was no different, the USDCAD touched 1.3311, however it has come back just a little, while West Texas Intermediate has come off its highs too.
Currently Close Range
USDCAD 1.3326 1.3354 1.3311-1.3371
EURCAD 1.5070 1.5073 1.5051-1.5102
GBPCAD 1.7615 1.7461 1.7443-1.7622
Prior Actual
US: Durable Goods Orders January 1.3% 0.4%
Producer Price Index Feb M/M -0.1% 0.1%
Y/Y 2.0% 1.9%
Petroleum Status Report wk3/8
Crude Oil Inventories 7.1M Brls -3.9 M Brls
Gasoline -4.2M Brls -4.6 M Brls
Previous
