Tue 4 Aug, 2009 07:01 am
To all seeming close of this year is expected to be very successful for oil and gas sector. Just now world oil prices have increased over $70 per barrel. And at this moment there are no doubts that the main reason of it is US dollar weakening towards major world currencies, as well as, positive dynamics in Asian currency markets.
To all appearance this tendency will continue, because even due to our official data US economy is insistently contracting. For the first time in the country’s history US budget deficit has reached over a trillion dollars! And there is no surprise that Goldman Sachs experts prognosticate advance in world oil prices up to $85 per barrel by the end of the year!
Well, pals! The time has come when it is more fruitful to tie up your spare dollars in oil futures than keep them in reserve!
@FreddyW,
FreddyW wrote:Oil prices have increased...
"And Leon's getting Laaarrrggger" (quote from the movie Airplane)