Oil steady after record, dollar weighs

[freedomnorth]

Source: Reuters

SINGAPORE (Reuters) - Oil steadied on Wednesday after hitting a record near $110 overnight, as investors grappled with a boost to the dollar after the U.S. Federal Reserve and other central banks pumped fresh funds into the financial system.

U.S. crude for April delivery fell 10 cents to $108.65 a barrel by 3:11 a.m. EDT, coming off the record $109.72.

London Brent crude fell 10 cents to $105.15, down from an all-time high of $105.82.

The Federal Reserve and four other central banks on Tuesday teamed up to get hundreds of billions of dollars into the ailing credit markets, sending the dollar up sharply against the yen and lifting it from a record low against the euro.

Read more: http://www.reuters.com/article/topNews/idUSSYD3274320080312

[Javaman]

1. pumping imaginary money into a ponzi scheme is just another way

of lying to the public.