Oil price moves continue to influence the landscape 17 May 2016
We've seen a sharp move lower in oil this morning after opening up firmer after a decent Asian session.
Traders have been quick to take some profit though and the longer-term jury remains out. I can't see any other headlines to explain the move.
Brent has been down to $48.60 from $49.47 and WTI $47.76 from $48.42.
USDCAD has rallied to 1.2926 from 1.2840 helped by some general USD demand but much of the price action remains cross-based.
Brent Crude 15 min
