X-Trade Brokers: There is no solid justification for fuel price increase

As the majority of currencies across the globe are getting crushed against the greenback, on mounting pressures from the debt crisis, there is no solid justification for fuel price increase, given the steep fall in oil prices, X-Trade Brokers analysts said.“Oil prices have been subdued lately, on concerns that Greek woes could hurt the European currency and put a crimp on global recovery. Although the U.S. dollar – the currency for oil reference price – grew markedly against the leu, ...

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