Falling U.S. dollar a big part of rising oil prices - Dec21
Posted: Mon Dec 21, 2020 2:34 pm
Take a look at the one year chart: https://www.marketwatch.com/investing/index/dxy
"A $Trillion here and a $Trillion there" and we will soon be talking about inflation that will boost all commodity prices.
More than a 10% drop in the dollar = $5/bbl increase in oil price.
"A $Trillion here and a $Trillion there" and we will soon be talking about inflation that will boost all commodity prices.
More than a 10% drop in the dollar = $5/bbl increase in oil price.