Posted on 06/03/08
U.S. dollar exodus sparks record oil run
OTTAWA -- Investors are abandoning the U.S. dollar and plowing their money into oil, creating a disconnect between crude prices and demand for oil.Crude oil prices shot up a stunning $5 (U.S.) to a new closing record of $104.52 a barrel yesterday as investors dumped U.S. dollars and fuelled a broad commodity market frenzy.
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