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Crude Oil Prices Skyrocket


Nelson_R32
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Thing is there have been little reduction in prices from when oil was at $135 a barrel a couple of months ago.

Its so volatile at the moment with europe and the us going into recession for at least a year or so the rises will be sort lived I believe..

but you also need to consider the FX rate USD to GBP; GBP is weakening and so the cost of 100USD is getting greater.

Basically due to the weakness of GBP and outlook for the UK is worse than most of the rest of the developed world, we are stuffed.

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Basically due to the weakness of GBP and outlook for the UK is worse than most of the rest of the developed world, we are stuffed.

Nonsense. Gordon and Alistair keep telling me that we are better placed than the rest of the world to face the troubles ahead. :coffee:

Oh for a look through their rose tinted spectacles.

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