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Commodities Briefing - Categorized | Oil, Price Watch, Research more

What’s behind rising oil prices?

Posted on 11 November 2009

From Csmonitor.com: A weak US dollar has sent investors to oil, pushing up crude prices over the past few months. That means higher gasoline prices this Thanksgiving.
But the gyrations had little to do with fundamental supply and demand for petroleum, energy analysts say. Instead, they say, oil prices are moving in relation to the US dollar, which has been losing value all year. In this case, traders say, the weak dollar is boosting oil as a commodity that has some value…………………………..Full Article: Source


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