Give me liberty
06-02-2008, 04:51 AM
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/02/AR2008060200286.html
Oil falls more than $1 as dollar firms
Oil fell more than $1 to near $126 on Monday as the U.S. dollar firmed and as the market shrugged off Tropical Storm Arthur, which marked the start of the Atlantic hurricane season by shutting two Mexican oil ports.
The U.S. greenback has rebounded against the euro on the prospect of the Federal Reserve eventually lifting rates. The dollar scored back-to-back monthly gains against the euro in April and May for the first time since early 2007.
I still think the dollar will go down.
Oil falls more than $1 as dollar firms
Oil fell more than $1 to near $126 on Monday as the U.S. dollar firmed and as the market shrugged off Tropical Storm Arthur, which marked the start of the Atlantic hurricane season by shutting two Mexican oil ports.
The U.S. greenback has rebounded against the euro on the prospect of the Federal Reserve eventually lifting rates. The dollar scored back-to-back monthly gains against the euro in April and May for the first time since early 2007.
I still think the dollar will go down.