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On Friday, the U. S. Equity markets dropped approximately 2.6% with the Dow Jones Industrial Average declining by over 350 points. Market analysts blamed the continuing rise in the price of oil to $90 per barrel as the catalyst for the markets’ reactions. The continued decline in the value of the U.S. Dollar in currency markets was also cited as a reason for the markets’ decline.

However, the price of oil has escalated from $70 to $90 since early September and the Dow Jones Industrial Average climbed from 13,358 to a peak level of 14,164 on October 9th. Likewise during this period, the U.S. dollar steadily hit new lows versus virtually all other major ... Log in to view full article.