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Crude Oil in Freefall

Source: Producer.com, Jan 5, 2023

Crude oil prices fell again on Wednesday as COVID-19 continues to spread in China after the country eased its restrictions.

The Canadian dollar regained upward momentum on Wednesday to reach a month-long high.

The loonie closed at US$0.7403 or US$1=C$1.3508, up from US$0.7322 or US$1=C$1.3658 on Tuesday. The last time the Canadian dollar closed above 74 United States cents was on Dec. 2, 2022.

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