Canada crude fire and a weak Dollar push the crude prices up!

Everything seems to be pushing the Crude prices up, up and up. Now we get to hear about the Canadian fire that seems to have hit some of the Crude supply to the North American side of the continent and that coupled with the weak Dollar seems to be egging the Crude prices way up.
The recently held OPEC conference did not do much for any of us in the sense that all that was decided was to increase the supply but the catch is that the supply is not being increased right away and not by that much. So the OPEC is not going to do much with regard to the Crude prices as well; that certainly leaves the rest of the world to grapple with the rising Crude prices on its own.
Oil futures seems to be a welcome destination these days for many a foreign investor and they all seem to be buying the futures like there is no tomorrow, since a weak Dollar means great profits to be made in the oil futures as they will give you fantastic returns at a future date. This seems to be the case as the Fed is once again mulling rate cuts. From now on, we can expect the Crude prices and by that I mean the gas prices to head in only one direction and that is up!

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