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Pandey
1 Comment
U.S. Recovery Could Push Oil Much Higher [view article]
Good analysis. However there is one blind spot. The price of oil is greatly influenced by the strength of the US Dollar. One of the significant factors in the pareto for the high oil prices is a very weak dollar. I think with economic recovery coupled with a strengthening dollar, oil prices should probably move northwards but not so to the extent of $200/barrel. May 05 09:21 AM