USDCAD a little weaker, oil inventories impact lower prices

By MoneyWay | Feb 21, 2019

Oil clung to small losses after U.S. government data showed an increase in both crude stockpiles and production and as the commodity tracked moves in the equity market. Oil was over $57 USD a barrel yesterday, but the ongoing trade talks between the U.S. and China are still overhanging the markets and will stay that way until there is some sort of agreement.

Currently             Close                     Range

USDCAD               1.3190                   1.3176                   1.3163-1.3207

EURCAD               1.4956                   1.4938                   1.4934-1.4979

GBPCAD               1.7220                   1.7195                   1.7165-1.7261

                                                                                                Prior                      Actual

US:   Durable Goods Orders December M/M        0.7%                      1.2%

         Jobless Claims wk2/16                                          239K                      216K

         Philly Fed Business Outlook February            17.0                        -4.1

         Purchasing Mngrs Index February                   54.5                        55.8       

         Petroleum Status wk2/21

                Crude Oil                                                              3.6M Brls             3.7M Brls

                Gasoline                                                              0.4M Brls           -1.5M Brls

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