
USD/CAD slipped near 1.3650 as oil prices rose on Middle East tensions, including Saudi airstrikes in Yemen and Iranian threats against the US, Europe and Israel. WTI traded near $57.20 after a prior-session loss.
Geopolitical oil supply risk strengthens the Canadian dollar and raises energy costs that feed up into transport and processing expenses for feed.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
Not enough comparable past events yet for a historical read.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.