let's say the USD as you say goes higher from here ... and 1 AUD = 0.60 USD and 1 USD = 1 Euro
Even if the oil price does go down to US$60/barrel that's still around the same oil price as far as the Europeans and Australians are concerned.
so why would ASX oil stocks such as WPL fall ?
Also wouldnt a falling oil price in the US encourage the consumption of oil in the US - which is the world's no.1 oil consumer. where would the rising US demand and consumption then send the oil price ?
