Mmastodon BusinessMarkets first seen 2 d ago, last 2 d ago, peak #12
Oil climbs toward $100 as Canadian dollar firms
Original: 2 BMO: #Oil #prices are higher again overnight, with }#WTI up $2 to just under $100, while the #loonie is a touch strong
BMO reports oil prices rising again overnight, with WTI crude up $2 to just under $100 a barrel. The Canadian dollar also strengthened slightly, trading at $1.404 against the US dollar, or about 71.2 US cents. Traders are watching whether crude breaks the $100 mark, with the loonie's moves closely tied to oil's trajectory.
Why now: Crude oil nearing the symbolic $100 level is drawing attention across energy and currency markets.
BMOWTI crude oilCanadian dollarUS dollar
Evidence
- 2 BMO: #Oil #prices are higher again overnight, with }#WTI up $2 to just under $100, while the #loonie is a touch stronger at $1.404/ #USD (71.2 US cents). #markets · dbcurren.bsky.social@bsky.brid.gy
API: https://socialmediatrends-api.osmike.com/v1/trends/3116385