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The current higher worldwide crude oil costs have been consolidating to Thursday (29) near, the New York Mercantile Trade, light crude oil for shipping and delivery in June futures rose 1.95 U.S. bucks to near at eighty five.17 U.S. bucks a barrel. London Brent crude futures rose 74 cents to close at 86.ninety U.S. bucks a barrel. But the PX market is still in the pattern of supply exceeding need, and the costs are nonetheless reduce, 29 Asian PX closed at 1041.fifty-1042.50 bucks / ton (FOB Korea); 1059.fifty-1060.fifty USD / tonne (CFR Taiwan), the cost than the previous Japan down 4.5 U.S. bucks.
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What the German minister is saying is the Federal Reserve is preparing on printing much more cash and purchasing US Treasuries (asset buys), which will devalue the dollar against other world currencies. We will find out for particular on November 3rd from the Fed if this is the case.