Wednesday, August 20, 2008

It's the value of the dollar stupid

Tuesday, August 19
Oil rises above $114 after dollar weakens
"Oil prices rebounded Tuesday, jumping back above $114 barrel after the dollar weakened against the euro ...
Friday, August 15
Oil's drop, dollar's gain key to more gains
"For the past two years, crude has followed the dollar almost lock-step. The strength we've seen in the dollar is almost certainly helping bring crude down."