The National Bank of Canada | Jul 25, 2016 01:45PM ET
Last week WTI crude traded in a range of USD 43.75 to 46.05/barrel. Overall, WTI closed the week down 2.32%, Brent Oil fell 2.70% and diesel was down 1.51%. The rise in the value of the U.S. dollar last week likely helped place negative pressure on the price of oil.
The market was marked by the following events:
On Wednesday, July 27 the markets will react to the U.S. Federal Reserve’s monetary policy decision. Any appreciation in the value of the U.S. dollar will lead to higher fuel prices in Canadian dollars.
Have a good week!
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