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The Dollar's Drop Is Drawing Buyers Into Energy Markets, Sending Oil Above $83 a Barrel
NEW YORK (AP) -- Oil futures rose above $83 a barrel on Friday, approaching record territory as the steadily weakening dollar drew buyers into commodity markets.
The resumption of attacks on oil workers in Nigeria also supported prices, but most analysts said the most significant factor driving oil prices were currency markets and buying by investment funds.
Oil Prices Rise As Dollar Falls: Financial News - Yahoo! Finance (broken link)
Rising oil prices and the falling dollar... Cui Bono?
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