Home (Post) Mobile Authors Say Anything Register Login
« Previous Post » Next Post
Home

Friday, September 28, 2007

Oil Prices Fall As Selling Sinks Rally

By robert108 on September 28, 2007 at 04:23 pm
3 Comments
Bookmark and Share

JOHN WILEN

NEW YORK (AP) - Oil futures fell Friday as a late flurry of selling overcame an earlier rally driven by the steadily weakening dollar.

Early in the day, crude prices rose to near record levels as the dollar’s drop against other currencies sparked buying by investment funds. But in the midst of that rally, analysts noted that oil’s fundamentals are weak. Many believe it’s only a matter of time before oil begins a seasonal price decline.

[...]

Read the whole thing.
So, market forces are having a greater effect than the falling dollar?  Oh my!
What about all the scareology?  Maybe it just wasn’t true.

Where are the headlines on this?  Think Matthews, Olberman, CNN, NBC, CBS and ABC will be all over this one?  Oil prices might be even lower when the new quarter begins next week.  Don’t depend on the MSM to make a big deal out of this good economic news.

Comments

Avatar for willie

Only a fool like yourself can’t see the correlation between the falling dollar and foriegn investors buying our stocks with their new found money! Try taking an economics class!I Never thought I would see the day I would have to get exchange in less for my dollar to visit Canada!

willie on September 28, 2007 at 06:13 pm
Avatar for robert108

You missed it, willie.  It’s just beyond you, I guess.
Maybe it’s your BDS that makes you sound so retarded.

Media uncovers more Palin stories in one weekend than Obama stories in two years. Still no bias detected

Obama: more experienced than Bristol Palin

robert108 on September 28, 2007 at 06:57 pm
2Hotel9

Funny, puzzledfuck/willie, every where you go people want paid in Dollars US. People in the Third World prefer gold, silver, greenbacks, in that order. Banks have one view of the world, everyone out in the world have a different view. It would be a wise move to begin pulling our currency in from outside the States, restrict the amount of Dollars US floating around. That would change the landscape substantially.

Una Salus Victus Nullam Sperare Salutem

2Hotel9 on September 29, 2007 at 05:24 am
Page 1 of 1        

Post a Comment


Before commenting, please recite:

Grant me the serenity to ignore the trolls,
the courage to debate with honest opponents,
and the wisdom to know the difference.

Name   
Email   
URL   
Human?
  
 
 @ 
<a>
Close Tags

Upload Image    

Remember my personal information

Notify me of follow-up comments?

Note: Notifications will only be sent to confirmed email addresses. Confirm your email address here.