Asian Session – Oil rises on hopes of OPEC deal; Canadian dollar gains
Posted on November 29, 2016 at 7:41 am GMTTrading during the Asian session was muted, with a slight risk off mood in the markets as investors awaited an OPEC meeting on Wednesday. Oil prices stabilized after rising yesterday on hopes of a deal to be struck to limit output levels. Oil-linked currencies like the Canadian dollar strengthened as WTI oil rose above the $47 a barrel mark on Monday. Prices slid down to the mid – $46 a barrel level in Asia today. USDCAD consolidated losses near yesterday’s [..]