Organization of Petroleum Exporting Countries and Craig Fehr

crude production: The June contract for North American benchmark crude faded $1.14 to $44.78 a barrel amid a report that crude production by the Organization of Petroleum Exporting Countries climbed in April, according to The Toronto Star. There just a lot of uncertainty in the commodities market and that is stemming not just from the supply side of oil, said Craig Fehr, a Canadian market strategist at Edward Jones in St. The S&P/TSX composite index in Toronto slid 85.82 points to 13,865.63, with energy and mining stocks leading the way lower. Louis. Despite the dip in oil, the Canadian dollar still managed to strengthen, with the loonie gaining 0.08 of a U.S. cent to 79.77 cents . It briefly hit 80 cents on Friday but has not closed above that level since June 30. Fehr noted that the global economic environment continues to drive a lot of uncertainty over demand as growth itself continues to proceed in fits and starts. (news.financializer.com). As reported in the news.