Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,126.06
(
1.20%
)
US TECH 100
25,805.20
(
-0.57%
)
Dow Jones
49,447.43
(
1.88%
)
Brent Oil
91.51
(
-1.24%
)
Bitcoin
74,989.92
(
1.53%
)
News Focus
News Focus
Post# of 148479
Next 10
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

ajtj99

Send PM Follow Ignore
Followers 305
Posts 46029
Boards Moderated 1
Alias Born 08/27/2001

ajtj99

Member Level

Re: Mapleton post# 25546

Thursday, 05/13/2004 12:01:39 AM

Thursday, May 13, 2004 12:01:39 AM

Post# of 148479
Oil is priced in USD. The USD cross rate has lost 30% since Jan. 2002. Oil in constant Jan. 2002 USD would be about $30 today instead of $40 if the USD had not corrected.

There is also increased demand, but even if we have a recession, the price of oil will likely remain high due to the weak USD.

Nothing else really matters here.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today