What Would Happen To USD If Oil Hits $100 A Barrel? | Crypto Craft

  • 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 ... (full story)

Comment Options
Bakker
Sep 26, 2018 10:23am
Permalink
Forget oil, take a look at eur/usd for a grand trade, hit resistance on weekly once more and also in the process of making DT on daily. Last three months it gone nowhere, so watch out for big drop!!
Reply
Exodus
Sep 26, 2018 9:21am
Permalink
Quoting mkjenna
{quote} Not quite. The Norwegian Government Pension Fund Global, holding over a trillion USD, voiced concerns about their exposure to oil, but were basically curb stomped by politicians. After all, Norway is fuelling it's economy with the stuff. Wouldn't look too tidy. Btw, oil will hit USD100 before it starts it's final swan song. You can quote me on that
Ok, I heard/read that the Norwegians offloaded their interest in the Forties North Sea oil field, and also a significant stake in somebody like Shell or Total. However I do not keep that closely to whatever is happening so......
Reply
mkjenna
Sep 26, 2018 8:47am
Permalink
Quoting Exodus
{quote} Gone already, a big Norwegian investor has exited the oil scene.
Not quite. The Norwegian Government Pension Fund Global, holding over a trillion USD, voiced concerns about their exposure to oil, but were basically curb stomped by politicians. After all, Norway is fuelling it's economy with the stuff. Wouldn't look too tidy.

Btw, oil will hit USD100 before it starts it's final swan song. You can quote me on that
Reply
Trader#ED92
Sep 26, 2018 10:49am
Permalink
Traditional wisdom says oil goes up will then hype inflation...which is needed to 'reason' for further rate hike in Dec.

In turn will boost USD as US rate differential against other currencies.

Still aiming for 1.1470 by mid October from the present 1.1730-50 range.
Reply
yousername
Sep 26, 2018 6:40pm
Permalink
price is an illusion.... Oil can go to $100 and beyond regardless we are in the electric car revolution or not....
Reply
swing77
Sep 26, 2018 9:40am
Permalink
remeber 4 November "18 is IRAN sanctions will began by U.S, oil will dancing for shake money
Reply
swing77
Sep 26, 2018 9:42am
Permalink
and i hope, TRADE WAR will more hot, sanctions and more sanctions will added more and more to all country by mr. Great president of U.S
Reply
Exodus
Sep 26, 2018 8:28am
Permalink
Quoting rotherwell
..... isn't some big sovereign Nordic fund ducking out of oil soon/ in process?
Gone already, a big Norwegian investor has exited the oil scene.
Reply
rotherwell
Sep 26, 2018 8:10am
Permalink
It would be breaking it's technicals, isn't some big sovereign Nordic fund ducking out of oil soon/ in process?
Reply
Trader#ED92
Sep 26, 2018 8:34am
Permalink
If the Russia, China, Iraq forms a what-ever-oil-pact...OPEC is and will lose further 'control' on oil...production, price and even the currency used to facilitate the transaction.

This surely will break the norm...may not be good for USD.
$100 oil will definitely hurt production countries...namely US, Japan, China, Germany and...

The 'funny' thing is at 70-75, we are/have already anticipating/toying with 100 oil.
Reply
Tradingwithw
Sep 26, 2018 11:06am
Permalink
Not before it hits $50.
Reply
rafaeltodd
Sep 26, 2018 2:22pm
Permalink
EU's Mogherini eyes Iran SPV for trade "before November"
Reply
Trader#D7BA
Nov 9, 2018 3:58am
Permalink
Lol!! Time for the author to write "What would happen to USD if oil hits $50"
Reply
  • Story Stats