Fosse Financial commodities analysts remarked after oil reached a record nearing $110 a barrel recently.
Sources say that the analyst team at Fosse Financial commented recently as Crude reached yet another record of close to 110 USD a barrel. According to the sources close to Fosse Financial, a Fosse Financial spokesperson stated that the dollars weakness had been the cause of much of oils recent surge, as investment funds were seeking to hedge in hard assets.
The Fosse Financial spokesperson apparently went on to add that Fosse Financial commodities analysts had speculated that increasing prices for oil and other commodities could offset the falling dollar which had fuelling the rally of oil prices since last year.
A senior commodities analyst for Fosse Financial reportedly stated that as Oil prices increased and the inflation pressure in the US continues to build, investors would be more encouraged to buy into Oil and other commodities in order to achieve higher returns.
The Fosse Financial analyst added that oils continued rally had come amidst warnings that there were few signs of relief from high Oil prices in the near future.
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