SubscribeAll Posts Tagged With: "Buffestt"
Oil Hits $140 on Depleted Dollar and Supply Concerns
Oil and gold each experienced a fresh resurgence yesterday (Thursday) – with crude achieving a new trading record – after the dollar weakened in response to the policy decisions by central banks around the world, and the Organization of Petroleum Exporting Countries’ president said oil may reach $170 by the summer.
Gold jumped 3.7%, trading at a level of $915 an ounce for most of the day, while oil settled at all-time high of $139.64 a barrel, up $5.09, after setting record intraday high of $140.39 – its highest level since reaching a record $139.89 on June 16.
“I foresee…
27Jun2008 | Money Morning | Comments Off | Continued
Loading ...
