Larry's Blog
Crude Oil Prices and U.S. CPI Inflation
February 23, 2011
Oil prices were volatile but ultimately trendless through the latter 1980s and the 1990s. West Texas Intermediate (WTI) prices averaged $19.37 from 1987 through 1998. Broken down into three-year sub-periods, the overage price of oil was $18.26 per barrel in in 1987-89, $22.18 in 1990-92, $18.03 in 1993-95 and $19.01 in 1996-98. There are 42 […] More
New Overnight Developments Abroad - Daily Update
Dollar Down Despite Concern over Libya
February 23, 2011
Libya’s turmoil, where Qaddafi clings to power, should help the dollar in two ways: by spawning generalized flight to the safety of Treasury securities and by raising concern about Euroland’s troubled southern tier, which imports most of Libya’s oil exports. Nonetheless, the dollar fell overnight by 0.7% against sterling, 0.6% versus the euro, 0.5% against […] More
