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Mexico Oil Pipe Blast Kills 11 People

A blast in a Mexican oil pipe kills 11 people in the Puebla region, in the center of Mexico. This could push oil prices higher at the beginning of the week.

The blast  occurred at the city of Texmelucan, in an oil pipeline operated by the national oil company Pemex. The BBC reports that a suspected attempt to steal fuel caused the explosion.

Crude oil closed at $88.68 a barrel – higher than last week, though still blocked by the resistance line of $90. The Canadian dollar enjoyed higher prices to tackle parity in recent weeks, but didn’t manage to conquer it.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.