Tuesday, April 22, 2008

Oil price new high record.

Today oil price go to new high record close about USD118.54 perbarrel.Supported by concerns about instability in crude supplies from some producers.The Nigeria sabotage news could drastically affect because militants sabotaged a pipeline last week in southern Nigeria, where militancy and lawlessness had grown in recent years.

The orthers thing is about
the dollar fell to a new low against the Euro.The Dollar fell Tuesday after the National Association of Realtors said sales of existing homes fell in March while the median home price declined, raising prospects that the Federal Reserve will cut interest rates further this year to try to shore up the ailing economy. Fed interest rate cuts tend to further weaken the dollar.

The Euro will going up up and away.US Dollar will falling down untill it will crash.Well see it what will happend in the future.

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