Todays newspaper(6/06) said that the oil price was reached +/- USD 134/barrel after decreasing to USD 120’s the day before. George Soros warned that after the US property collapse, the next might be oil price if there are no certain actions. The world said that the hiking price was caused by the market sentiment on the weakened of US dollar. Suddenly, most of investors were using the oil and other commodities to hedge their investement. And not because lacked of oil supply.
Protest everywhere arround the world demand to subsidized the very high of oil price. The increasing rate is arround 70% causing cost pust inflation. The world economic meeting planned to build one house system for exchange trading arround the world which will be more simple to control especially hedging trade.