What Would Happen To USD If Oil Hits $100 A Barrel?
From orbex.com
After trading up to its highest level since 2011 earlier in the year, Crude oil is now marching higher once again, putting the 2018 high (and beyond) back in focus. The moves come on the back of OPEC and non-OPEC oil producers failing to agree to a production increase at the latest meeting held over the weekend and early this week. The only outcome of these meeting was a pledge by Saudi Arabia to increase its oil production only in the event of growing demand. However, the failure to agree on a deal at these meetings is not the only factor currently driving oil higher. Crude is also being fuelled by the fast ...
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