U.S. Dollar Index

Post Reply
dan_s
Posts: 34778
Joined: Fri Apr 23, 2010 8:22 am

U.S. Dollar Index

Post by dan_s »

Crude oil trades in U.S. dollars. See chart: https://www.marketwatch.com/investing/index/dxy/charts

In early September the U.S. dollar Index (DXY) dipped to 91.35. Today it is at 93.87. When the dollar goes up, oil price goes down (most of the time).

Just giving you another variable to check when you are trying to understand why oil prices move.
Dan Steffens
Energy Prospectus Group
Top
Post Reply

Return to “The View from Houston”