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

FX Street

Updated: 6 Mar. 2020 | 16:22

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.

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