Thursday, September 30, 2010

No Coincidence. Dollar Plunges, Crude Skyrockets

from Fox Business:

SINGAPORE, Sept 30 (Reuters) - U.S. crude on Thursday isset to close September with the strongest gain in seven monthsafter stockpiles at the world's largest consumer declined whilea weak dollar lifted most commodities.
U.S. West Texas Intermediate crude oil futures for Novemberfell 17 cents at $77.69 a barrel at 0443 GMT, after nettinggains of more than 2 percent to settle at a 7-week high onWednesday. WTI is set to rise around 8 percent in September,the strongest monthly increase since February.