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Why has the oil price increased?
Jun 6, 2009 02:58
  • KUNGFUPANDA
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Under the global financial crisis, the oil price decreased to 33.87 us dollars per bucket on Dec. 22, 2008. However, the oil price broke through 68 us dollars per bucket on June 1st, 2009, whose growth rate is nearly to 30% in May. Will the global financial crisis be over soon?
Jun 6, 2009 15:16
#1  
  • MARRIE
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I guess one of the reason is that USD value is down against other currencies since oil trade usually is settled in USD.
Jun 8, 2009 22:45
#2  
  • METEOR
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Does it mean that the financial crisis will be over?
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