Saturday, June 14, 2008

Crude OIL's 700% Rise

The U.S. dollar-denominated price of Crude OIL has risen 697% since trading at $17.45 a barrel on the New York Mercantile Exchange (The 'Nymex') in November 2001.

http://www.bloomberg.com/apps/news?pid=20601109&sid=au.c3bEf58NI&refer=home



*FYI, since 2002 the trade-weighed value of the U.S. dollar has depreciated by 30% (thus the gap between 'Dollar/BBL' and 'Euro/BBL' in the above chart)

Data Courtesy: Bloomberg + EIA