Thursday, May 29, 2008

Dollars vs Euros

I thought it might be interesting to see how the oil price has changed in Euros over the last few months, rather than focussing on the headline dollar price (in a world where the dollar's melting).

The graph shows how the 38% dollar increase from $90 to $125 is equivalent to a 33% increase from euro60 to euro80. So the dollar weakness doesn't seem to have had that much effect over the past few months.

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