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فبراير 24، 2013

The relationship between oil prices and the U.S. dollar

The relationship between oil prices and the U.S. dollar and distillate materials which include heating oil in the past week, but the demand for these products is difficult to achieve and as we know, based on the price of oil is the U.S. dollar itself. When the demand for oil is high and supply is low, as in this case, the potential price increase happening.
 
It uses the U.S. dollar to buy oil. And because of its high value relative to other currencies in the world. The sale is calculated retail oil also based on the value of the dollar, even in foreign countries. So the strength of the dollar exchange rate corresponds to the strength of oil prices.

The relationship between the oil price and the U.S. dollar correlation. This means that when demand for oil at high prices, it is there will be an increase in the value of the U.S. dollar as well. And affected in this case oil-importing country greatly affected due to the rising value of the dollar, in addition to oil prices as well. So citizens may choose the economy in their use of oil to reduce the impact of increasing its price


The relationship between oil prices and the U.S.




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