Released on: September 8, 2008, 2:10 am

Press Release Author: Lisa Hardcastle

Industry: Financial

Press Release Summary: Private Equity Placement: Crude oil market simply could not
ignore Russian relations any longer.

Press Release Body: As crude surged by more than $6 a barrel, a source close to
Private Equity Placement was reportedly surprised that the market had turned a blind
eye to events unfolding in the Balkans. In what some have compared to the Cuban
missile crisis of 1962, the US signed a missile-shield agreement with Poland and
bolstered concern that Russia may disrupt the flow of oil. �A weaker dollar didn�t
help matters�, said the Private Equity Placement.

Russia, the world\'s second- biggest oil producer said that the pact had a tangible
anti-Russian sentiment. The markets saw a huge flow of investors seeking the safety
of commodities as the dollar weakened after what many analysts a rebound that was
too fast to last.

Private Equity Placement are thought to believe that the renewed pressure on the
world�s reserve currency will magnify the appeal of hard assets going forward. Crude
oil for October delivery rose $5.72, or 5 percent, to $121.28 a barrel at 12:01 p.m.
on the NYMEX.

Private Equity Placement source suggested that concerns are mounting that Russia may
dump its significant holding of US Treasury debt that several OPEC countries have
called �worthless pieces of paper�.

Geopolitical tensions continue to thwart efforts to stabilize the price of oil and
show no immediate sign of subsiding.


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