Re: Light Sweet Crude - $90.40 5 years after the climactic start of the Iraq War in 2003
In dollar terms oil has risen from. $38 to $125 - a rise of 229%.
In sterling terms it has risen from £24 to £ 64 - a rise of 168%.
In euro terms ....it has risen from €38 to € 81 - a rise of 113%.
By contrast over the same period gold rose from $360 per ounce to $880 - a rise of 144% in dollar terms.
Food prices have shot up in no less a place than New York City.
Oh Teamsports, why ever did you sidetrack yourself from the horse world you know, to trade in this brown liquid? It was not only the rise of oil, it was the fall of the mighty dollar.
Last edited by mistermind : 9th May 2008 at 17:19.
Reason: formatting
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