Cheap oil could get cheaper

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Tue, Aug 26, 2008
Oil Market News
Post by Researcher , Oil Researcher

Bloomber reported that currency traders are chalking up the dollar’s second straight day of gains to the hope that lower oil prices will jumpstart the American economy, which could lead to a virtuous circle: Economic growth boosts the dollar, and the strengthening of the dollar will make crude less attractive as a hedge against inflation.

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