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Question posted: 08 28 2009 12:25:23 +0000,
0 answers, 78 views, last activity
07 06 2010 20:18:08 +0000
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Oil prices were above $72 in Asian trade on Friday following an overnight rally which saw the market buoyed by strong performances on Wall Street and a weakening US dollar. Oil market sentiment benefited from a recovery on US equity markets. The blue-chip Dow Jones Industrial Average rebounded to rise 37.11 points (0.39%) to 9,580.63, ending higher for the eighth straight session and extending its longest winning streak in 28 months.
A weakened dollar also pushed oil prices up, other analysts said. Amid the rebound in equity markets, oil prices have garnered some good support and mostly due to the strength that comes from weakness in the US dollar.
So where do you see the Oil prices going??
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