Forex Blog

October 22, 2009

Stronger Dollar Causes Oil Prices to Retrace

After breaking though the $82 a barrel mark yesterday, oil futures fell 68 cents to $80.69 a barrel in New York this morning.

“It is becoming almost imperative to trade the commodity markets from the perspective of the dollar these days, as nothing else seems to count for very much,” MF Global wrote in a research note.

Yahoo News

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by Efacilitators Hosting