C$1.10/US$1, Oil close to $100/barrel
Crude oil rose above $98 a barrel in New York for the first time on speculation U.S. stockpiles fell for a third week and as the dollar fell to a record low.
The US$ declined to its weakest ever result versus the Canadian dollar since the end of a fixed exchange rate in 1950.
The US$ declined to its weakest ever result versus the Canadian dollar since the end of a fixed exchange rate in 1950.
Labels: commodities, economy
1 Comments:
http://www.platts.com/weblog/oilblog/2007/11/you_know_people_dislike_the_oi.html#more
By Andrew Cashin, At 3:36 AM
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