back to 60 bucks in a few months, page-38

  1. 10,642 Posts.
    lightbulb Created with Sketch. 1853
    find8, thats the next part to my point.

    If you look at the long term data there you will see that its not really necessary for the USD to do anything for the price of oil to fall back to $60.

    The link between the USD and the price of Oil, historically shows that the USD is not a critical component in the price movements of oil.

    Infact the USD Index is already back to the same value it was when Oil was trading at $50

    In US Dollar Index terms, Oil should be currently priced at $50

    Thats got to throw a spanner in the works.



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.