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Commodities Briefing - Categorized | Currencies, Oil more

What the US dollar can tell us about the oil market

Posted on 08 May 2013

Many investors study supply and demand statistics to figure out where they think the oil price is going. But by far, the biggest factor that determines the oil price is the US dollar, says Donald Dony, who pens The Technical Speculator investment newsletter.
“The US dollar is absolutely pivotal for commodity prices,” he says. To pros in the investment game, that is a truism; obvious. But most investors underestimate the background impact the greenback has on oil prices………………………………………..Full Article: Source


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