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Chart of the Day: The Falling Dollar and Oil at $110

Thursday, April 17, 2008
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Crude oil prices are spiking higher again driven higher by signs of further reductions in oil stocks (inventories) - which creates a stampede among investors to buy whatever stocks might be available - but also by the continuing decline in the value of the US dollar. Covered in this BBC news article and also here in the International Herald Tribune.


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