Any idea on how much of the oil rally is USD weakness?
Any idea on how much of the oil rally is USD weakness?
the near term oil fundamentals haven't changed that much although prospects for the future have but is there any way to quantify the recent run up as it relates to the USD?
Re: Any idea on how much of the oil rally is USD weakness?
See: http://www.marketwatch.com/investing/index/dxy/charts
Not much impact from the dollar
WTI shorts are covering on each dip as they see supply & demand balance just ahead.
Not much impact from the dollar
WTI shorts are covering on each dip as they see supply & demand balance just ahead.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group