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Thursday, September 11, 2008

Charts of US Dollar, Oil Prices, Gasoline Prices and S&P500

This graph shows the US dollar has rallied to a 1-year high (vs. the Euro), oil prices (WTIC) currently $100.87 per barrel, are down 31% since peaking at $145.66 earlier this year while the S&P500 trading at $1225 (more charts of S&P500) remains at bear market levels.

Click chart courtesy of to see full size image

Consumer sentiment should improve now that gasoline prices are down significantly as this chart of gasoline prices, oil prices and the S&P500 shows.

With oil prices off 31% and companies like Federal Express (FDX) announcing higher earnings expectations largely due to lower fuel costs, can a rally in the S&P500 be far away?

==> More Oil Price Charts <==

For more information, see "Stock Market Returns After Oil Prices Double in a Year or less"

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