Forex Forums | ForexLasers.com


Go Back   Forex Lasers Forum > FOREX TRADING > Forex Discussion


Oil

Forex Discussion


Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 11-11-2009, 13:51
Level II Lasers Member
 
Join Date: Sep 2009
Posts: 38
Default Oil

A weaker dollar trumped a report showing a rise in US oil inventories pushing oil up to near $80 a barrel. Analysts say that the price of oil currently isn't trading on supply and demand but rather based on global stock markets and the fluctuation in the dollar.
Reply With Quote
  #2  
Old 15-11-2009, 15:22
Level II Lasers Member
 
Join Date: Sep 2009
Posts: 38
Default

Crude oil was down to a one-month low. Consumer confidence was down and investors presume that this is a precursor for diminished oil usage. Even though there has been positive economic news over the last few weeks, the Energy Department reported last week that fuel consumption slipped to the lowest level since June. Oil prices are up 71% this year.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 18:31.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.