If the U.S dollar value drops then the oil prices will go up. In overall, the relationship between them is just like the debits and the credits balance one another.If the U.S. dollar value drops what happens to oil prices?
It has been dropping and the result is obvious.
There is an inverse relationship between the Dollars value and the retail price of most everything.If the U.S. dollar value drops what happens to oil prices?
Oil prices go up. And it's not a coincidence. It happens because the value of the dollar drops.
In terms of gold, the price of oil stays - relatively - the same.
Prices go up because of the weak dollar- the weak dollar is great for exporting but bad for imports and globally traded commodities
Oil is now traded in dollars - so oil prices go up!
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