Thursday, August 29, 2013

Ouch! Falling Currency Send Oil Price Soaring in India

Here's a great chart from The Energy Burrito Blog via Marketwatch, showing the price of oil in Rupees (blue line) and US dollars (green line). The Indian Rupee is falling hard and fast -- the biggest decline in 20 years. This is sending oil prices in that country ballistic.

Read the story HERE.

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