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The Financier Daily

Tag Archives: Dollar

Quick Oil Update From the Airport

04 Thursday Feb 2016

Posted by Russell in Commentary

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Tags

Dollar, Oil, United States, USD

I had to post this update from my phone due to being in the airport so please pardon the grammar.  Oil prices climbed over 8% today due to the inverse relationship with the United States dollar.  The US dollar slid towards the end of the trading day.  Keep in mind that oil inventories climbed by 7.79 million last week to the highest US inventory glut since 1930.

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