Saturday, June 21, 2008

Crude Oil Rises as U.S. Dollar Weakens, Israel Conducts Drill

Bloomberg by Mark Shenk June 20:
Bloomberg.com: Worldwide:
"Crude oil rose as the weaker dollar enhanced the appeal of commodities as a currency hedge and the New York Times reported that Israel held a rehearsal for a potential bombing attack on nuclear targets in Iran....

An Israeli military exercise involving more than 100 F-16 and F-15 fighters seems to have been a rehearsal for a bombing attack on Iran's nuclear facilities and long-range conventional missiles, the New York Times reported, citing several unidentified U.S. officials..."

No comments: