Forex Broker: Oil Prices Rise $107 Barrel
The price of oil has risen to record price at an amazing $107 per barrel. Investors are buying oil with a view to protecting themselves against the lowering of the dollar.
Such commodities as gold and oil are proving attractive in the light of the US dollar falling. Friday saw the dollar fall to its lowest in five years following the US employment report figures.
Otec the oil producer are not planning to up the supply rate.