WTI crude rises $1.50 with eyes on the Red Sea

<p>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.</p><p>Last week, oil traded as high as $75.37 before fading.</p><p>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. </p>

This article was written by Adam Button at www.forexlive.com.