DailyMarkets.com - Measured In Gold, The Price Of Oil Is Below Average |
| Measured In Gold, The Price Of Oil Is Below Average Posted: 11 Mar 2012 01:43 PM PDT From the Forbes article by Louis Woodhill “Gasoline Prices Are Not Rising, the Dollar Is Falling”: “As this is written (2/22/2012), West Texas Intermediate crude oil (WTI) is trading at $105.88/bbl. All this means is that the market value of a barrel of WTI is 105.88 times the market value of "the dollar." It is also true that WTI is trading at €79.95/bbl, ¥8,439.69/bbl., and £67.13/bbl. In all of these cases, the market value of WTI is the same. What is different in each case is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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