Consecutive 3-day Win for OIL
By trader
@trader (17)
April 17, 2008 7:52am CST
Investing in OIL is as always safe. Today also OIL is on a high note and all the credit goes to dollar which is in doldrums. Here is the story
If the U.S currency Market is not doing well and it is declined and it simply indicates that there will be boom in the OIL market. Because it attracts more investment in the oil market from investors in other countries. Yesterday, the dollar was record down against Euro as the Eurozone Inflation data rose to an all-time high and as such OIL market was all happies with the rise in prices. OIL was%115.54 a barrel on the New York Mercantile Exchange. This is the continuous 3-day win for the OIL market. for more details ....visit www.gnutrade.com/traders_forum/func,view/catid,9/id,2650/#2650
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