WTI crude falls below $48. USD/CAD rises above 1.35

Oil falls to lowest since May 15

The post-OPEC oil swoon is back on.

WTI crude is down $1.76 today, breaking just below $48.00 in the latest dip.

With the 3.5% drop in oil and today"s miss on Q1 GDP, it"s no surprise that USD/CAD is higher. The pair is up a half-cent to $1.3508 despite a broadly weaker US dollar. It would be the second consecutive day where the loonie is the G10 underperformer.

WTI crude falls below . USD/CAD rises above 1.35
WTI crude falls below . USD/CAD rises above 1.35
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