OIL Price Rising +week dollar

[#1]

The oil price rising and the dollar getting weaker against other currencies. Is'nt this going to affect the flow of credit rescue by Ben Bernanke?

[Preston]

Ben Bernanke move was to improve liquidity within USA. Dollar depreciation/appreciation is pure economic. Oil movements is based on demand vs supply.

[#3]

No Preston - Oil price movements of late is not to do with supply and demand. Demand numbers were revised downward for 2008. At this stage it is rather money flowing out of a volitile equity market into commodities, once equities settle one could easily see this money flow back with a pullback in oil price.

[Preston]

Blomberg is quiet informative.