Oil Prices Down As Dollar Firms

Thursday, June 12th, 2008

The interplay between the dollar and the price of oil continues. Oil futures have been very strong in 2008 as supply never seems to materialize, despite reduced demand from the world's largest consumer of oil, the United States. The high cost of gas is putting a dent in ...

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Oil Hits New Record

Wednesday, April 16th, 2008

Oil set a new record at $114.54 per barrel. The main reason cited is that speculators are pouring money into commodities, due to the continued decline of the dollar. As the Euro continues to climb against the dollar, money keeps pouring into oil. According to Olivier Jakob, the trend ...

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