And, yes, I DO take it personally: $109 a barrel oil and a weaker dollar

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And, yes, I DO take it personally

Tuesday, March 11, 2008

$109 a barrel oil and a weaker dollar

holy crap...

Oil prices soared past $109 a barrel after rising to a record in the previous session as the U.S. dollar weakened further.

Speculation that rising prices for oil and other commodities will offset the falling dollar has driven oil's rally from $87 a barrel in January.

The dollar has fallen to three-year lows against the yen and the head of the European Central Bank expressed concern Monday about the "disorderly movements" of exchange rates.

c'mon, house of cards... c'mon... c'mon... collapse already...

Labels: economic collapse, economy, financial markets, financial meltdown, oil prices, U.S. dollar