May 27, 2008 21:57

Fundamental Alert – Oil prices retreat

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5-27-08

GMT – Oil prices declined for the first time in over a week today leading to a rise in US Stocks. If oil prices continue to retreat it could give the Fed breathing room concerning inflation and give them more reason to not lower interest rates. If oil continues to decline and US stocks continue to rally it would give the dollar a bullish position for more gains.

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