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MovedOn

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MovedOn

Re: oilfieldmafia post# 3865

Tuesday, 01/12/2016 9:39:53 PM

Tuesday, January 12, 2016 9:39:53 PM

Post# of 13692
Looks like you need more than one clue. Again, crude oil trades in U.S. dollars. That means when the dollar gets stronger, oil gets more expensive for overseas buyers, so they buy less of it and find other ways to serve their energy needs thus adding to the supply glut. Economics 101.
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