simple,...it is priced in usd, the oil,...so that mean if dolar is loosing value,...oil which is priced in dolars should go up,.or vice versa,...so in future if euro will be at 1.55 usd, oil should be at 100+ usd,...
its just money
DislikedIf 75% or more of OIL is sold in USD, then wouldn't an increase in the price of oil also mean and increase in the demand for USD?
How come OIL adversely affects the price of the USD if this is the case?Ignored
DislikedAhh, I see it makes sense. Let's just say they they began to price OIL in EUR, would the dollar lose most of its value?Ignored
DislikedThe above post by Sumant Yerramilly.Ignored
DislikedTo be more specific:
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