Sunday, June 7, 2009

Crude Oil Prices hit a record high of 70 Dollars a Barrel

crude Oil Prices Trade Above $70 To Close around 67 dollars a barrel , Oil prices explode again this past trading session amongst fear of hyperinflation the collapse of the dollar , China dumping massive amounts of dollar bills on the commodities and especially crude oil market and the arriving of the summer season which usually knows an increase in oil consumption...experts are reluctant in linking the soaring oil prices to the bottoming of the depression or a hypothetical economic growth...