And I acknowledged that there was a spike in the price of oil and it had to come down - as it did go up too quick.
Nevertheless oil to $60/barrel is a big call and what i'm saying is if it does get down to that level it would probably be accompanied by a super strong USD trading at close to parity with the Euro and buying 1.7 AUD (i.e. with AUD trading at 0.6USD).
In which case we have a strong USD rather than a weak oil price.
CONCLUSION
- Forums
- ASX - By Stock
- back to 60 bucks in a few months
back to 60 bucks in a few months, page-37
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