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View Full Version : Oil Rises to $50 as OPEC’s El-Badri Says Sizable Cut Is Needed - Bloomberg



NewsWhore
12-15-2008, 11:40 AM
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Oil Rises to $50 as OPEC’s El-Badri Says Sizable Cut Is Needed (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaXp2Rc3B4FSE%26refer%3Dhome&cid=0&ei=f3pGSdDDGZTsgAPSl636Dg&usg=AFQjCNHPftxLsszYw_enxr77JapR0URH8w)
Bloomberg - 1 hour ago
A weaker US currency increases demand for commodities as a hedge and makes raw materials cheaper for buyers with euros, yen or sterling. ...


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