Falling crude oil prices are highlighting some great buying opportunities.
Our technical trading strategist weighed in on Bloomberg Radio, and offered his recommendations amid falling energy prices.
OIL
Ipath.B S&P GSCI Crude Oil
Record Oil Prices Continue to Push Canada’s Dollar, Inflation
From Staff Reports Surging oil prices have pushed inflation in Canada to its highest rate since May 2006, Bloomberg reported Friday. And right behind it, not surprisingly, Canada’s dollar hit a 33-year high of $1.0344 (one dollar equals 96.67 Canadian cents) — quelling U.S. hopes the Bank of Canada would cut interests rates. The Canadian […]
With Oil, Uranium and Gold, There’s Nothing Crazy About This Canadian Loonie Tune
By Martin Hutchinson Director of Global Investing Research The Canadian dollar – also known as “The Loonie” – moved above $1 last week, an extraordinary turnabout for a currency that was languishing down around $0.62 in January 2002. Americans are used to acting somewhat condescending toward their northern neighbor, but in this period of high […]
China's Crude Oil Imports Surge to Record High
By Jason Simpkins China’s crude oil imports climbed 39% to a record high last month, and Saudi Arabia was the nation’s largest supplier. China’s oil imports have more than tripled in the last five years, and that amount is only going to increase as the world’s second-largest energy consumer tries to keep pace with its growing […]