Monday October 29, 2007 | ${log.root}/lowem.log Inflation, Investing and Everything |
|
Another day, another record high in crude oil prices. $92.22 barely lasted one weekend. This morning, I got up, went to the office, and found myself sitting down to a new record : $92.79 per barrel Nymex crude oil delivery for Dec 2007. This one looks dollar-driven. The news outlets are talking about the USD falling to yet another record low against the euro. At the moment of writing : CAD/USD = 1.041667 (1.03 has been broken!) The US dollar index, USDX, is at 76.894, having fallen below 77. Compare this to the figures blogged earlier on 18 Sep 2007, barely one and a half months ago : 1. USD/SGD=1.5068 (how far the mighty have fallen) And the U.S. dollar index (was) : USDX=79.169 - Update : Scratch that last. The new record is :
See also : 1. Oil rises to record $91.10 (26 Oct 2007) (2007-10-29 10:13:26 SGT)
[Energy]
Permalink
Comments:
Post a Comment:
Comments are closed for this entry.
Most popular blog postings on lowem.log : 1. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004 Featured articles on lowem.log : 1. ABC Guide to Beating Inflation in Singapore and Elsewhere |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||