The weekend drone attack that the Pentagon blamed on Iran has the oil market on edge once again. WTI crude oil is up $1.52 to $75.06 and trading near a session high.
Last week, oil traded as high as $75.37 before fading.
The rally in oil is helping to boost the Canadian dollar with USD/CAD down 40-pips to 1.3209 -- a fresh four-month low.