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    Oil Gyrates, but Hits New Record
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    Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the dollar is falling. "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 Newsvine
    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: Newsvine 20 months ago
All quotes from:
Oil Gyrates, but Hits New Record
  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: Newsvine 20 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: Newsvine 20 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: Newsvine 20 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: Newsvine 20 months ago

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