{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Oil prices maintain record high in early Asian trading' data-url='/boclips/videos/5c54be7bd8eafeecae13bf8b' data-video-url='/boclips/videos/5c54be7bd8eafeecae13bf8b' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nOil prices maintain record high in early Asian trading\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Martin W. Hennecke, Senior Manager of Tyche Group using computer2. Close-up of  Hennecke3. Computer display showing oil prices4. SOUNDBITE: (English) Martin W. Hennecke, Senior Manager of Tyche Group:\"But now we think there's the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Martin W. Hennecke, Senior Manager of Tyche Group using computer\u003cbr/\u003e2. Close-up of  Hennecke\u003cbr/\u003e3. Computer display showing oil prices\u003cbr/\u003e4. SOUNDBITE: (English) Martin W. Hennecke, Senior Manager of Tyche Group:\u003cbr/\u003e\"But now we think there's the markets have entered a new phase, where investors are increasingly concerned risks of inflation and also this risks in the bond market, with risks in credit crisis generally, and they're looking for safety, safety from the credit crisis and safety from inflation, in tangible assets like commodities.\"\u003cbr/\u003e5. Wide of Hennecke\u003cbr/\u003e6. Cutaway of hands\u003cbr/\u003e7. SOUNDBITE: (English) Martin W. Hennecke, Senior Manager of Tyche Group:\u003cbr/\u003e\"Well again, that's exactly, you know, what investors are concerned about who are now being invested in bank deposits or in long term bonds because this is obviously inflationary as the Fed (US Federal Reserve) is cutting interest rates and the Fed is increasingly bailing out banks, I mean you have again rumours - Freddie Mac, Fannie Mae may be failing, maybe one or two banks also failing in the US And so the Federal Reserve, they could only bail out more and more banks as happened in the UK with Northern Rock, as happened in Germany with IKB Bank and so that's very very inflationary and that's clearly one of the reasons why commodity prices are being driven up.\"\u003cbr/\u003e8. Hennecke using computer\u003cbr/\u003eOil prices were steady above 107 US dollars a barrel after rising to a record in the previous session as the US dollar weakened further.\u003cbr/\u003eSpeculation that rising prices for oil and other commodities will offset the falling dollar has driven oil's rally from 87 US dollars a barrel in January.\u003cbr/\u003eThe dollar has fallen to three-year lows against the yen and the head of the European Central Bank expressed concern on Monday about the \"disorderly movements\" of exchange rates.\u003cbr/\u003e\"We think there's the markets have entered a new phase, where investors are increasingly concerned risks of inflation and also this risks in the bond market, with risks in credit crisis generally, and they're looking for safety, safety from the credit crisis and safety from inflation, in tangible assets like commodities,\" said Martin W. Hennecke, Senior Manager of Tyche Group.\u003cbr/\u003eLight, sweet crude for April delivery dropped 21 cents to 107.69 US dollars a barrel in Asian electronic trading on the New York Mercantile Exchange, by midday in Singapore.\u003cbr/\u003eCrude futures on Monday rose 2.75 US dollars to settle at a record 107.90 US dollars a barrel after setting an all-time trading high of 108.21 US dollars earlier in the session.\u003cbr/\u003eMany analysts believe speculative investing attracted by the weak dollar is the primary reason oil has risen so far so fast in recent months. \u003cbr/\u003eCrude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the dollar is falling.\u003cbr/\u003eThere was little in oil's price uncertainty to convince analysts that the huge rise in oil prices has run its course. \u003cbr/\u003eAnalysts have said expectations are growing that the US Federal Reserve would cut interest rates at its policy planners' next meeting on March 18.\u003cbr/\u003e\"The Fed (US Federal Reserve) is cutting interest rates and the Fed is increasingly bailing out banks, I mean you have again rumour - Freddie Mac, Fannie Mae may be failing, maybe one or two banks also failing in the US And so the Federal Reserve, they could only bail out more and more banks as happened in the UK with Northern Rock, as happened in Germany with IKB Bank and so that's very very inflationary and that's clearly one of the reasons why commodity prices are being driven up,\" Hennecke told AP Television.\u003cbr/\u003eWhile the dollar fluctuated against the euro on Monday, many investors believe the greenback is likely to keep falling as the Fed continues to cut rates. \u003cbr/\u003eMany analysts believe the rise in crude prices is not supported by the market's underlying fundamentals, noting that supplies are generally rising while demand is 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