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    Oil Prices Down Slightly Near $105
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    On Friday, the dollar hit another record low against the euro, with the European currency rising above $1.54 for the first time since its 2002 launch. "There are expectations that the dollar will go lower, and that's driving money into commodities ... Traders now have this mantra: sell the dollar and buy oil, or buy commodities." Analyst estimates for where oil goes from here vary widely. Full Article at The Columbian
    There are expectations that the dollar will go lower, and that's driving money into commodities ... Traders now have this mantra: sell the dollar and buy oil, or buy commodities.
    SOURCE: The Columbian 21 months ago
All quotes from:
Oil Prices Down Slightly Near $105
  1. Thus, as long as the weakness of the greenback continues to grab the headlines, speculators will continue to shrug off the supply situation
    SOURCE: The Columbian 21 months ago
  2. If the U.S. Administration was really concerned about the rise in oil, then its efforts would be better spent publicly defending the dollar rather than chastising OPEC
    SOURCE: The Columbian 21 months ago
  3. The strength in oil pricing smells of a bubble ... the oil market might be primed for a pullback ... At some point, some event will trigger financial players to exit oil as fast as they've got into oil.
    SOURCE: The Columbian 21 months ago
  4. We have the speculative funds and investors betting that oil pricing will strengthen. On the other hand, we have the commercial players, who actually ship and use the oil, betting that prices will decline
    SOURCE: The Columbian 21 months ago

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