Crude Oil prices hit $78 a barrel !!!

crude oil prices continue their rally amongst an explosion in commodities prices fueled by the fear of an American Hyperinflation but also but the massive purchasing by China on commodities in a move to dump the massive US Dollar reserve it has accumulated these last years with its trade with America , the greenback is heading for dire times according to high level investors and market analysts like Jim Rogers Marc Faber and Peter Schiff , all of them except this last already moved to Asia ...

Crude oil futures closed higher by nearly 3 percent, above $70 per barrel

Oil Tops $70 a Barrel

Crude oil futures closed higher by nearly 3 percent, above $70 per barrel for the first time in seven months Tuesday, hitting a new high for the year. The move higher was triggered by a falling dollar, and a report out of the Energy Information Administration forecasting higher crude prices.Natural Gas Gold Silver Platinum Palladium prices are all rising amongst fear of hyperinflation ...commodities also are rising fueled by massive purchasses from china which sees commodities as a safer to spend its massive amounts of accumulated US dollars thanks to its trade with America largely beneficiary to China

Crude Oil prices will Spike says Shell CEO

commodities and crude oil price is particular is may be about to spike , according to Dutch Shell CEO who was heard this morning saying to Bloomberg that ""The economy will turn, demand will come back and the overcapacity of supply will disappear", Jeroen van der Veer says. crude oil prices are how rising to about 68 dollars a barrel still low compared to last summer record high of about 150 dollars a barrel , it seems that there is a rush towards commodities and especially crude oil by countries like China eager to get rid of their mass of US dollar liquidity from fear of hyperinflation scenario , despite that the dollar is gaining ground lately , this is far from being a sign of economic recovery , we are not out of the tunnel yet say experts