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Are Robust Financials Driving The Recent Rally In Imperial Oil Limited's (TSE:IMO) Stock?
US Energy Secretary on Oil, Possible Rare Earth Deal
After the significant changes in the "petrodollar," oil prices have fallen, as have the dollar and US Treasury yields.
Deutsche Bank pointed out that since the USA became a net oil exporter in 2018/2019, there has been an unprecedented high level of correlation between oil prices, US Treasury yields, and the dollar over the past 30 years. Rising oil prices are more likely to strengthen the dollar, while the direction of the 10-year US Treasury yield has become more difficult to predict.
Canadian Stock Movers for Thursday | ECN Capital Corp Was the Top Gainer; Education Led Gains
NYSE American Closing Stocks
Weekly Crude Inventories Rise More Than Expected
