Crude Oil = $130

I guess the markets are not enamored with the Paulson plan.

The dollar has dropped the most versus the Euro since its inception, according to Bloomberg. And ddue to the collapse of the greenback, Briefing is reporting that COMDX Crude oil trades to new 2-month high of $130 per barrel.

Crude Oil, October Futures (delayed 20 minutes)

Crude_october_08_3


chart via Barcharts

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