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Two Reasons Why Oil Prices Have Been So High Lately
7 hours ago ago from YodZiaN.CoM | Finance and Loan Information
From the 1970?s until 2004 the world has seen oil prices fluctuating but remaining under the $50 per barrel price level. However during 2004 especially in the fourth quarter we saw oil prices at record levels, seriously weakening the US dollar. Since then there seems to have been an increasing amount of reasons to sustain prices at such a high level. The first main reason is due to the war in Iraq, because Iraq is a large oil-producing ...
Related contentGreenback Grinds Higher after Convincing Breakout
11 hours ago ago from ETF Trading Partner
12.19.09 Sometimes, as traders, we need to stop and do a double-take, especially when a long-depressed commodity or currency suddenly begins to rise sharply. In the case of the US Dollar index (DX), there were most likely thousands of double-takes, as disbelieving traders took a second, third and even a fourth glance at this key currency’s daily and weekly charts. Yes, this Dollar breakout appears to be the real deal, one destined to run ...
Related contentDollar Weakens Commodities
22 hours ago ago from Professor Elam
The red and black bars are the new junior miners etf. The Solid Black line is UUP a dollar index ETF. This is shown on an hourly basis to emphasize how dramatic the shift really was. The dollar bottomed in this measure at Dec 1 just as GDXJ and every other gold share topped. I ran this comparison using GDX, ABX, and a small mine GSS, they all look the same, the more junior miners dropping a lot more percentage wise. In three weeks the ...
Related contentWill cheap oil compromise Venezuela´s revolution?
22 hours ago ago from Ryer blog
therealnews.com Miguel Tinker Salas: Venezuela has been stashing away dollars in preparation for oil price fall http://www.youtube.com/watch?v=eOuPaysXo80&hl=en
Related contentAnother Slow Week On Wall Street
22 hours ago ago from Business Information, News and Analysis: Tracked.com Insights
Insights By the Tracked.com Team Track & Share Business Information at Tracked.com Check It Out Create an Account Week on Wall Street Another Slow Week On Wall Street By Robert Perrego , at 1:20 pm on December 19th, 2009 Stocks went up and down this week on Wall Street as they always do and the net result on the ...
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OPEC Is in the Catbird Seat
42 minutes ago ago from BloggingStocks
Let's just say OPEC is in an enviable position. Come to think of it -- when hasn't OPEC been in an enviable position? OPEC heads into its December meeting next week "in the catbird seat," to cite an old phrase popularized by the late, great Red Barber . OPEC does not have to cut production to keep prices high -- they're already high: oil closed Friday up 40 cents to $73.05 per barrel. The roughly doubling of oil's price in 2009 is the main ...
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