Oil prices and usd cad
Oil and the U.S. Dollar Crude oil is quoted in U.S. dollars (USD). So, each uptick and downtick in the dollar or in the price of the commodity generates an immediate realignment between the Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes. Oil (WTI) PRICE in USD - Historical Prices Dow Jones Gold Price Oil Price EURO DOLLAR CAD USD Therefore the price of the USD / CAD currency pair is very dependent on how US consumer consumers react with changes in oil prices. If US demand rises, the producers will increase their production so that they need a lot of energy (oil) so that the price of oil rises which allows it to cause USD / CAD prices to fall.