Geopolitics Alpha

Canadian Dollar Firms as Oil Jitters Drag USD/CAD Lower

Published . Updated .

USD/CAD extended its decline for the sixth consecutive session, hovering around 1.4040 in Asian trading on Thursday. The pair came under pressure as the Canadian Dollar (CAD) gained ground, supported by a rise in crude oil prices.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

Canadian Dollar Firms as Oil Jitters Drag USD/CAD Lower TradingPedia

Source: TradingPedia

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How solid the energy case looks

12 out of 100

“Canadian Dollar Firms as Oil Jitters Drag USD/CAD Lower” scores 12 out of 100. The score uses 1 sources.