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View Full Version : Crude Oil Declines on Speculation Rally May Be Unsustainable - Bloomberg



NewsWhore
05-25-2009, 03:30 PM
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Crude Oil Declines on Speculation Rally May Be Unsustainable (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601103%26sid%3DagiJNhKFT0do%26refer%3Dus&cid=1248899186&ei=MPQaSrK-GozEsAbT7PDOBQ&usg=AFQjCNFmgvQUuA486bKjMpWfovn9UP2WVw)
Bloomberg
“Some people are viewing oil as a hedge against currency weakness.” Saudi Arabia is producing more crude oil than its OPEC quota, according to data from the Joint Oil Data Initiative, citing figures submitted by the country. The US currency earlier ...


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