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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