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Saturday 17th 2008f May 2008 02:47:43 AM UTC

News

USD Is Getting Weaker

23/09/2005

Dollar remains to be weak, since the price for oil raised more because of the apprehensions that new hurricane may cause serious economic damage. Euro is traded on the mark 1.22, though it fell down a bit at noon, observing slight decreasing of the prices on oil, since the data concerning the raw produce reserves in the USA showed the gasoline increasing. At the same time the “Rita” hurricane is getting stronger in the Gulf of Mexico after it fell upon the coast of Cuba and Southern Florida, increasing the danger of oil producing failure in the Gulf of Mexico.

October futures` NYMEX quotes for the lightweight American oil that exceeded the mark $68 per barrel have fell down after the news more than $1, though now it’s $67.55 per barrel.

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