Oil prices fell by almost $2 a barrel this evening after the US Federal Reserve said a weak dollar had fuelled inflation in the US. This suggested the Fed is not likely to cut interest rates further this year.

US

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Eric Florack on June 2nd, 2008

I’ve been telling you that this oil bubble was about to break and we’d see some movement by midsummer. Well, guess what?

The Times Herald is repoting:

Last week, the price of crude oil futures actually went down, and there

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