WTI and Brent hammered down on OPEC raising quota
Obviously yesterdays ECB lessons weren't learnt by oil traders (and yes I did think twice about the first letter to use in "suckers" ;-) )
Brent crude 5m chart
It's having a domino affect on both the dollar and CAD with USDCAD up through 1.3400, as well as spilling over into the euro which has moved up to 1.0955 once again
Technically, WTI breached a decent support level briefly. If we hold above then the price may recover. If we go below then the year's lows is in touching distance
WTI daily chart
