Correlation between oil prices and Canadian dollar breaks as Canada loses hedge against economic downturn
The historical correlation between the Canadian dollar and oil prices is no more.
Europe
Putin says countries must pay for gas exports in rubles starting April 1 or else exports will be halted
Russia says they will halt gas exports to buyers from ‘unfriendly’ states unless they begin paying for exports on April 1st in rubles, Russian President Putin announced.
oil
Announcement of U.S. ban on Russian Oil Imports “Imminent”, Sending Oil Prices Higher
The United States is set to announce a ban on Russian oil imports as early as Tuesday. The news has sent oil prices higher.
