OPEC+ deal failure: WTI oil crashes to lowest since 2016, USD/CAD surges to new hgihs

The OPEC meeting has ended without an agreement between Russia and Saudi Arabia.

Oil prices have collapsed with oil falling below $42.50, to the lowest since 2016.

USD/CAD is rising above 1.3430. The loonie is unable to bank on Canada's upbeat jobs report.

Mar 6, 2020

OPEC+ failed to agree on extension of existing output cuts – Reuters

OPEC and non-OPEC oil producers have failed to agree on an extension of existing oil production cuts, Reuters reported on Friday, citing two OPEC sour

NFP: Payrolls beat expectations

Non-farm payrolls added 273,000 workers, far more than the 175,000 forecast. Prior months revised higher by 85,000, three month average 243,000, Josep