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RE: TIB: Today I Bought (and Sold) - An Investors Journal #223 - Oil Pipelines, Oil Services Technology, Europe Oil Producers, Europe

in #investing • 7 years ago

My brother @carrinm, can i ask a small question which up to now I am still confused.
Why is the oil problem always associated with fluctuations in currency prices, especially the US dollar?
thanks so much brother.

7 years ago in #investing by
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     7 years ago  

    Oil is priced in US Dollars worldwide. That means that changes in the relative value of the US Dollar will change the price of oil without any change in the supply and demand for oil.

    Investing in oil though is best based on understanding supply and demand for oil and the costs of producing oil independently of what the US Dollar is doing.

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       7 years ago (edited) 

      I understood now. You are indeed an analyst. thanks so much Mr. @carrinm. nice meet you

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