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The most estimates on oil speculation says, that there is around 20-30 bucks premium due speculation on weak dollar. Thats what you get when you have FED trying to bailout its Wallstreet friends, while they dont care much for value of dollar.
"Now every Gradmamma speculate on further rise of oil."
The Central Eurobank head even told it few weeks ago: "to cut interest rates at this point would be the same as taxing the people to bail out the banks. Cost of extra inflation would be the ultimate sign of moral hazard to save banks."
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