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As many readers already know, commodities are priced in US dollars on the global market. Therefore, a rising US dollar – which we’re seeing this week – means it takes fewer greenbacks to buy a given amount of a commodity such as a barrel of oil, and the US dollar price of that commodity falls – something we’re definitely NOT seeing this week when it comes ...
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Saudi Arabian state oil giant Aramco plans to offer a fresh sale of between $10 and $20 billion of its stock as soon as this week, the Wall Street Journal reported late Tuesday, citing individuals with knowledge of the matter. The Saudi state and its sovereign wealth fund, the Public Investment Fund, own the vast majority of Aramco, with just 1.5% of the ...