http://oilinvestingnews.com Objective News on Oil drilling, exploration, and Oil industry investing Wed, 08 Feb 2012 23:09:26 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://oilinvestingnews.com/902-dollar-slides-crude-jumps.html http://oilinvestingnews.com/902-dollar-slides-crude-jumps.html#comments Wed, 13 May 2009 17:24:16 +0000 Reporter http://www.crudeinvestingnews.com/?p=902 Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. Oil has climbed 34 percent this year, tracking global equity markets on optimism that an economic recovery will spur demand for fuel. Additional support for crude prices came from the dollar, which fell to the lowest level against the euro since March, bolstering demand for commodities as a hedge against inflation.

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