Archive - Mar 7, 2010 - Blog entry
Crude Oil Breaks The Dollar Rule For The Summer High Noon
Submitted by asiablues on 03/07/2010 20:05 -0500New York crude has been trading in the $69-$83 range since late September as uncertainty over the global economy has contributed to several failed rallies. The close above $81 last Friday sparked speculation that oil could be targeting $85 in the near term. Now, some traders and analysts say currency movements may play an important role in pushing prices beyond those limits.... or will they?
