Bitacoras.com

Well things are continuing to worsen economically. Crude oil rose to $105.97 a barrel, the third day this week New York prices have reached a record, as the U.S. dollar fell to its lowest ever against the euro. Gold and copper also advanced to all-time highs as the sinking dollar made commodities priced in the U.S. currency cheaper. Oil closed at a record yesterday after U.S. crude inventories fell for the first time in eight weeks and OPEC refrained from raising production. Besides dollar-led buying, oil rose after Colombian rebels bombed the Transandino Pipeline yesterday, escalating a cross- border dispute with Ecuador. Tensions in the region flared up after a Colombian military strike at... Enlace permanente.