(EnergyAsia, November 27, Tuesday) — Saudi Arabia’s commitment to the dollar will likely keep oil prices pegged to the US dollar rather than the Euro, yen or other currencies, said US commodities broker Fimat. Despite growing political and economic pressure to use other currencies to price oil, Riyadh kept faith with the greenback, burnishing its…
MARKETS: Saudi support keeps oil priced in dollars, says Fimat
Posted on November 26, 2007 by EnergyAsia