Oil jumps 3% on upbeat data

Shared by Henry
Crude does seem like a good buy for the time being. USD/CAD may remain pressured to the downside as both Crude Oil and BOC are expected to support CAD.
Oil prices rose more than 3%, topping $72 a barrel on Tuesday, up from the previous session’s five-month lows, as upbeat U.S. data revived recovery hopes.