Light Crude Oil had risen 800% in 10 years time and is currently trading at new record high, the question is how high can it still rise .... the answer depends on how low can still the US Dollar fall.
Tuesday, April 15, 2008
Light Crude Oil Trading at New Record High
Brace yourselves for another series of gasoline hikes that may hit Php55/liter as light crude oil broke out from its' recent peak (after several attempts), it is now targetting $120/barrel in the coming weeks. Commodity Traders are advised to buy on pull back.
Light Crude Oil had risen 800% in 10 years time and is currently trading at new record high, the question is how high can it still rise .... the answer depends on how low can still the US Dollar fall.
Light Crude Oil had risen 800% in 10 years time and is currently trading at new record high, the question is how high can it still rise .... the answer depends on how low can still the US Dollar fall.
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