www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Oil hits record above $99 as dlr sinks, US chills

(Agencies)
Updated: 2007-11-21 17:45

Seoul - Oil soared to record highs on Wednesday, drawing within a hair's breadth of the $100 milestone as the US dollar plumbed new lows and the onset of cold US weather stirred anxiety over winter supplies.


A vehicle is filled with gasoline at a gas station in Takoma Park, Maryland, November 1, 2007.  [Agencies]
 

US light crude for January delivery surged to a record of $99.29 a barrel early in the session, but pared those gains to stand 61 cents higher at $98.64 by 0706 GMT.

Prices blasted past the previous $98.62 a barrel record, extending a rally that has lifted oil more than 40 percent since August, as funds buy in on the weakening dollar and concerns that limited OPEC supplies will squeeze winter supplies.

"Oil prices have every reason to rise. Speculative money is coming into the market as the dollar is weakening," said Koo Ja-kown, crude analyst at Korea National Oil Corp (KNOC). "On top of that, there are supply concerns for winter fuel."

London Brent crude rose 50 cents to $95.99 a barrel.

Oil has been rising inversely to the dollar over the past months amid a fever of speculative trading. The falling dollar helps protect demand for oil in non-dollar economies and could prompt OPEC producers to sustain a higher price to offset the reduced purchasing power of petrodollar revenues.

The dollar dropped to a new record low against the euro and versus a basket of currencies on Wednesday, after the US Federal Reserve cut its growth outlook for next year, keeping alive hopes for another interest rates cut in December.

Dollar factor

"The main reason behind the (rise) is the weak dollar against Asian currencies," said Rob Subbaraman, strategist at Lehman Brothers. "We expect the weak dollar to continue for a fair bit, so this is not a short-term issue."

Some commodities such as gold and platinum have also rallied on the falling dollar, although others such as copper and zinc have slumped to multi-month lows as traders fear that the US subprime mortgage crisis will crimp economic growth and demand.

   1 2   


Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产区精品一区二区不卡中文 | 成人久久18网站 | 性强烈欧美一级毛片 | 亚洲综合色一区二区三区小说 | 亚洲午夜一区二区三区 | 91免费视 | 欧美黄视频网站 | 日韩特级毛片免费观看视频 | 日本久久综合网 | 99热在线观看 | 香蕉一区二区三区观 | 一区二区三区 亚洲区 | 国产欧美一区二区精品久久久 | 一级大黄美女免费播放 | 亚洲操综合 | 成人欧美一区二区三区黑人 | 欧美日韩一区二区三区四区在线观看 | 亚洲欧美在线一区二区 | 成年女人毛片免费播放人 | 国产日本韩国不卡在线视频 | 国产精品免费看久久久久 | 亚洲视频国产 | 国产香蕉国产精品偷在线观看 | 亚洲欧美成人综合 | 欧美ⅹxxxx视频 | 爱视频福利广场 | 免费国产成人高清在线看软件 | 美国毛片免费观看 | 欧美午夜不卡 | 91欧美激情一区二区三区成人 | 最新国产午夜精品视频不卡 | 久久久一本精品99久久精品66 | 视频精品一区二区三区 | v片在线播放 | 美女扒开腿被男人猛视频 | 成人综合婷婷国产精品久久免费 | 久久精品国产在爱久久 | 成人18视频在线观看 | 爱啪网亚洲第一福利网站 | 免费看美女毛片 | 日韩免费精品一级毛片 |