# USD/CAD slips to near 1.3650 as Oil prices gain on Middle East tensions

> 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.

- Date: 2025-12-29 · published 2025-12-29T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/21733-usd-cad-slips-to-near-1-3650-as-oil-prices-gain-on-middle-east-tensions
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Geopolitical oil supply risk strengthens the Canadian dollar and raises energy costs that feed up into transport and processing expenses for feed.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.9% | -6.3% |
| WTI | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +1.4% | +4.9% |
| WTI | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +15.2% | +5.8% |
| WTI | 2026-03-12 | [Yuan Slips As Middle East Tensions Keep The Dollar On Top - Finimize](https://feedsoft.ai/events/11680-yuan-slips-as-middle-east-tensions-keep-the-dollar-on-top-finimize.md) | +10.6% | +13.9% |
| WTI | 2025-06-13 | [Traders pile into $80 US oil bets as tensions rise in Middle East](https://feedsoft.ai/events/11154-traders-pile-into-80-us-oil-bets-as-tensions-rise-in-middle-east.md) | +10.2% | +1.1% |
| BRENT | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.4% | -5.7% |
| BRENT | 2026-04-02 | [HLIB Research: Middle East tensions to lift near-term palm oil prices](https://feedsoft.ai/events/9476-hlib-research-middle-east-tensions-to-lift-near-term-palm-oil-prices.md) | -2.8% | +8.2% |
| BRENT | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +2.0% | +6.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-cad-slips-near-13650-as-oil-prices-gain-on-middle-east-tensions-202512290352

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.