What is the correlation between crude oil prices
In the long run, when the dollar depreciates, crude oil prices rise; and when the dollar is strong, crude oil prices are down. Despite the recent economic downturn in the United States a few years ago, but the double deficit is still very serious, the dollar rebounded limited. If this situation continues for a long time, it is easy to shake the confidence of the world's confidence in the dollar, so the United States with another hard currency, crude oil to support the weak dollar, in order to ensure the sustainable development of the U.S. economy. In general, the dollar and crude oil prices are different from the change of the relationship, that is, the depreciation of the dollar will lead to rising oil prices, the appreciation of the dollar caused by falling oil prices.
At the same time, the United States and the use of powerful military forces, under the oil resources and oil transportation main channel is arranged close to 70% of the world's direct influence and control, so as to control the global supply of crude oil, the crude oil price.
Dollar and crude oil prices are negatively correlated. The U.S. economy has long been dependent on crude oil and the two pillars of the dollar. The United States relies on the currency of the dollar and the monopoly of the dollar in the international settlement Market
