Fears of a widening conflict in the Middle East are pushing oil prices higher as it could potentially involve major oil producing countries in the region.
BRN is under pressure after reaching above $85.00 level
BRN is consolidating below the $85.00 level amid the potential for interest rates to remain higher for longer in the US as well as in some of the Asian economies.
The price of the global oil benchmark has recovered back to the $80/bbl, for now. The incoming US nonfarm payrolls report could have a major say on whether Brent stays above or below that round number by the weekend.
Markets are expecting a Bank of Canada rate cut later today (Wednesday), while Friday’s US nonfarm payrolls (NFP) report could inject further volatility for USDCAD. These top-tier economic events could amplify the loonie's struggles.
Fears of a widening conflict in the Middle East are pushing oil prices higher as it could potentially involve major oil producing countries in the reg...
BRN is consolidating below the $85.00 level amid the potential for interest rates to remain higher for longer in the US as well as in some of the Asia...
The price of the global oil benchmark has recovered back to the $80/bbl, for now. The incoming US nonfarm payrolls report could have a major say on wh...
Brent
Oil
OPEC+
US jobs report
NFP
Nonfarm Payrolls
US Dollar
Markets are expecting a Bank of Canada rate cut later today (Wednesday), while Friday’s US nonfarm payrolls (NFP) report could inject further volati...
CAD
USDCAD
loonie
Bank of Canada
Oil
Brent
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