CRUDE OIL - A SHRINKING RESOURCE

CRUDE OIL, ENERGY, SHIPPING

Wednesday, December 23, 2009

@ 75 eyeing century

A revitalized dollar forces gold to make a hasty retreat. And at the same time a flurry of snow in the upper Northern hemisphere heats up the crude prices in spite of a stronger dollar. Weather forecasters, no worse than the market forecasters, are now predicting an extended spell of cold in northern hemisphere. Things are looking good for oil to test usd100 level soon. Goldman Sachs and likes may find a safe haven for their funds in crude as they beat it from gold for now.

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