The Correlation Between Crude and Oil Prices

Crude's really interesting because obviously everyone was super bullish after the war started and then blip by bit everyone kind of slowly capitulated if you look at like the cftc positioning data. The relationship to my to fx is is generally like some of the big exporters um especially canada but it definitely has to be watched if you're tradingCanadians' GDP is driven to like say 10 15 percent by the price of oil so you see it pretty much almost like a mechanical relationship at times between oil and canadian growth and the canadian dollar.