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Archive - Mar 7, 2010 - Blog entry

asiablues's picture

Crude Oil Breaks The Dollar Rule For The Summer High Noon

Submitted by asiablues on 03/07/2010 20:05 -0500



New 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?

 
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