JohnKicklighter

Dollar and Commodities - A Pricing Link

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
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There is quite a bit of surprise from many that the Dollar has a lot of influence over the direction of oil/other commodities - and vice versa. The greenback is a primary pricing currency for the natural resources, so the link is a practical one. There is deviation as supply/demand issues can override pricing elements, but they don't often diverge for long. Here we have Oil             vs an inverted US Dollar             .
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