For some reason I’m quite intrigued by the oil prices and how the economy reacts to it. From my previous posts on oil price fluctuations, you can see that it was during mid July this year that prices peaked at US$147.50 per barrel. The current oil prices are below US$50 per barrel now, at US$48.77…
Read More Oil prices continue to spiral downwardsI’m very upset at the Australian dollar plummeting in a blink of an eye. From reaching heights of US$0.98 in July to now closing just below US$0.68, the Australian dollar has lost 30% in value in under 3 months. Imagine if you’ve invested $1 million into the US dollar few months ago and sold out…
Read More Economic Turmoil in the US and AustraliaAccording to Yahoo! News, oil prices closed at US$126.77 per barrel yesterday, down almost $20 from July 11 record high prices of US$147.50 per barrel. If you do the maths, that’s about a 14% in falling costs for petrol. A few weeks ago, I saw petrol prices in Sydney go up to about AU$1.68 a…
Read More Are petrol prices fluctuating proportionately?