Oil marches on with dollar threatening

08 November 2007

Oil and currency fluctuations continue to cause concern in the markets

Oil prices continue to rise breach $98 but it is mainly led by currency prices which have seen the $ fal to $2.1 to £1. This record weakness is cuasing many to buy oil as the rises appear to be far less for foreign investors. At these levels we would expect some downturn in demand as prices appear unable to stop reaching the $100 mark.

 


Oil  Bull Market  Finance  Risk Management 

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