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Crude Oil

Oil prices might see a price equal to $40 per barrel shortly and The meeting to be held b/w OPEC+ countries is also expected to push prices upwardly.
There would be strike off amond demand and supply in the coming quarter.
https://markets.businessinsider.com/...?type=wti&op=1
I found this interesting, if you want to give it a look.
I checked the common wisdom that CAD follows the oil price. That seems to be true often (and then
with near 100% correlation), but from half 2016 to early 2020 that wasn't the case.
I don't follow oil that long yet. Is there any oil-side explanation for that?

(orange line is WTI 1M futures price)
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  • Last Post: Oct 30, 2020 9:52pm Oct 30, 2020 9:52pm
Quoting fxke62
I checked the common wisdom that CAD follows the oil price. That seems to be true often (and then with near 100% correlation), but from half 2016 to early 2020 that wasn't the case. I don't follow oil that long yet. Is there any oil-side explanation for that? (orange line is WTI 1M futures price) {image}
Could be demand? Corrections are at some intervals loose.
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