Steve Forbes: Weak Oil Dollars

Posted by admin on Sunday, May 24, 2020

Steve Forbes Money Quote saying any commodity tied to the U.S. dollar tend to fluctuate with the currency. Steve Forbes said:
 
Over time, there’s a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets weak, the price of oil, which, as you know, and other #commodities are denominated in dollars, they go up Quote
 

“Over time, there’s a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets weak, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up” — Steve Forbes

 
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