(
link)
"Oil prices rose sharply on Tuesday, with the New York contract hitting a six-month high above 60 dollars as the US currency tumbled against other leading units, traders said...
"Crude oil prices have found support in recent days from rallying stock markets and a falling dollar rather than from signs of rebounding demand for energy, according to analysts...
"Many market watchers believe the dollar is likely to decline against most rival currencies in the coming months as risk aversion recedes on hopes the worst of the global slump is over."
And hyper-inflation will start kicking in in about 6-9 months.
1 comment:
Sunoco refinery in Marcus Hook/Claymont went ka-boom last night. It was an ethylene separator, but the whole place is OOS. Bottom line: less supply just before the big summer demand.
Post a Comment