weakening dollar
Oil Prices Drop on Concerns the Slowing Economy Is Cutting Demand
Read the full article: http://biz.yahoo.com/ap/080320/oil_prices.html
Just a little oil news. Doesn't seem to be following any logic here. Expect a turnaround and to see the prices go up.
Oil futures extended their declines Thursday, sliding below $100 a barrel at times as concerns about the economy and demand for oil grew and the dollar strengthened.
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