Term Assignment1 3-30

Term Assignment1 3-30 - 3. With the price of oil rising, we...

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Professor Havens BUS 131 30 March 2009 Term Assignment (Chevron Corp.) 1. As other currencies get closer to the dollar the price of oil continues to grow, since oil is traded on the dollar, causing a boost to companies such as Chevron. 2. This article relates to the situational environment of demand and demand trades since the currency changes rely on demand as well as the demand for oil.
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Unformatted text preview: 3. With the price of oil rising, we should still not make any sudden changes, since it’s hard to estimate where the market will be tomorrow. 4. This increase in the price of crude oil will result in a small increase in revenues of $5.5 billion since we will be getting more for each barrel of oil....
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This note was uploaded on 09/08/2010 for the course BUS 131B at San Jose State.

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