WTI crude rises $1.50 with eyes on the Red Sea ...Middle East

The weekend drone attack that the Pentagon blamed on Iran has the oil market on edge once again. WTI crude oil is up $1.52 to $75.06 and trading near a session high.Last week, oil traded as high as $75.37 before fading.The rally in oil is helping to boost the Canadian dollar with USD/CAD down 40-pips to 1.3209 -- a fresh four-month low. This article was written by Adam Button at www.forexlive.com.

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