Crude oil prices may fall if upbeat US retail sales and consumer confidence data cool Fed rate cut bets and sour risk appetite across financial markets.
The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.
Crude oil prices may recoil downward after stalling at chart resistance as a defensive tone prevails across global financial markets, weighing on sentiment-geared assets.