Oil is now down $9 from the highs

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Oil is now down $9 from the highs

Oil is doing a nice job of encapsulating the reversal in sentiment today.Crude was up $3 at the highs but is now down nearly $6. It's trading at $102.

Oil is doing a nice job of encapsulating the reversal in sentiment today.

Crude was up $3 at the highs but is now down nearly $6. It’s trading at $102.44 at the moment after peaking at $111.45.

With the drop in crude, USD/CAD has jumped 157 pips to 1.3017.

oil 2 hours

oil 2 hour chart

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