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Is it that oil is gaining value, or is it that the dollar is losing value?

How does oil look against (say) sterling, the Euro and the Kuwaiti Dinar?

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Jul 9th, 2007 at 12:28:47 PM EST
Although the US$ is parting ways from other major currencies, the difference is small against oil price variations.

Remember that oil was below 50$ in the beginning of the year and now is nighing on 80$. The currency variations have much lower amplitude. That's almost a 60% increase.

luis_de_sousa@mastodon.social

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Tue Jul 10th, 2007 at 05:38:37 AM EST
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