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Cheap oil could get cheaper

August 26, 2008 @ 11:00 pm In Oil Market News

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.

For full story, click here [1]


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[1] here: http://blogs.wsj.com/environmentalcapital/2008/08/25/crude-money-why-cheap-oil-could-get-cheaper/

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