Mineral

Oil Perfect Hedge Against Dollar

Video information

Source: cnbc
Added: 12-27-2010
Tags: Oil/ hedge against/dollar
Description:

“Oil is the perfect hedge against the dollar, and as long as we see a weak dollar, we will see a lot of…non-oil money in oil” Cornelia Meyer, CEO of MRL Corporation told CNBC. Oil at $100 per barrel will be a headwind but economies will adjust to this, she said.

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