Oil Prices Defy Strengthening USD, Breach $80

18 November 2009 @ 05:30 am EDT

The price of Crude Oil climbed back above $80 a barrel in today's early trading hours despite the sudden rise in USD strength. Speculators view the sudden increase in risk aversion to be a signal that commodity prices will continue rising as a hedge against inflation. Gold prices are still climbing, and even Silver has broken through its significant psychological price level of $18 per ounce.

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