OPEC Rattles the Dollar

Dollar bulls have cheered the recent resurgence in the greenback, buoyed by depressing economic news out of the Eurozone, Japan and England. But the dollar is a bit of a Gilda Radner investment these days — it’s always something.
The possibility that OPEC would make an active decision to price oil barrels in a currency other than the dollar has been bandied about, but never spoken of by anyone with any real power. That changed today, after OPEC Secretary-General Abdullah al-Badri was quoted in the Middle East Economic Digest, saying &…
Original Source

  8 February, 2008| Economy | @ 22:55

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