The impact of high crude oil prices is evident today. The Norwegian krone and North Sea crude oil have benefited from the high oil price, and the krone is regarded as a crude oil currency. The Canadian dollar is also being bought in relation to oil production. In London time, the movement of selling the dollar has become dominant, and the buying of the krone and the Canadian dollar is progressing again mainly against the dollar.
Saudi Arabia, which participates in OPEC Plus, which is made up of major oil-producing countries that are members of the Organization of the Petroleum Exporting Countries (OPEC) and non-members, announced voluntary additional crude oil production cuts. During. Today is the CAD buying perspective.
