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Commodities

Loonie Edges Higher on Tuesday Amid Crude Oil Correction

Guavy AI Editorial Team
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Oil
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The Canadian dollar experienced a slight increase on Tuesday morning, reaching US$0.7176 or US$1=C$1.3935 as of 8:35 a.m. CDT.

This represents a minor improvement from Monday's close of US$0.7173 or US$1=C$1.3942.

Crude oil prices saw a correction after OPEC+ reported an average daily production increase in July, with Brent crude oil dipping to US$87.25 per barrel and West Texas Intermediate declining to US$81.76/barrel.

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