| The biggest threat to oil prices isn’t excess supply, uneven demand or slowing global growth. It’s the rise of the U.S. dollar – or more precisely, the fall of the euro. You see, oil and other commodities are priced in U.S. dollars, so as the dollar strengthens, their value declines. Conversely, as the dollar loses value, the prices of commodities increase to reflect that.
The dollar has been a very weak currency over the past decade, which has helped fuel the bull run in commodities. And for a long time, it looked as though the dollar would only get weaker...............................................Full Article: Source
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