Weak Dollar Major Factor in High Priced Oil

In the price formation of commodities and oil, currency is one of the major factors, Nobuo Tanaka, executive director at IEA, told CNBC. The weakening dollar is contributing to the higher price of oil, he said, adding that lowered demand for natural gas will affect the climate if other technologies do not materialize. ... market rally recovery crisis financial stocks equity gold oil currency dollar euro pound usd gbp yen eur jobs unemployment rate fed ecb boe bank default mortgage weak china ...
Tags: market rally recovery crisis financial stocks equity gold oil currency dollar euro pound usd gbp yen eur jobs unemployment rate fed ecb boe bank default mortgage weak china india asia europe silver deficit consumer confidence trade price government tarp demand


















