A Crude Ending ?

In the face of a U.S. recession, the price of crude oil continues to ascend. Oil is currently trading near all-time (non-inflation adjusted) highs of $108.41/barrel. This begs the obvious question - when will the commodity reverse course and finally reflect a global slowdown? When will the current crude oil 'winning steak' end?

Does the Fed's latest $200 Billion move...one that doesn't involve reducing U.S. interest rates...signal a potential bottom in the U.S. dollar and therefore a potential trading top in the dollar denominated price of crude oil ?

Per data gathered from TheStreet.com on 3/05/08:
*The U.S. is the world's largest consumer of crude oil and consumes 21.0 million barrels a day
*China is the second largest consumer of crude oil and consumes 7.2 million barrels a day

* The U.S. currently makes up 25% of total world crude oil consumption per day (China makes up 9%)

Data Courtesy: TheStreet.com.