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Re: Hugo Fogwad post# 5658

Thursday, 02/25/2021 1:37:54 PM

Thursday, February 25, 2021 1:37:54 PM

Post# of 7764
Last I checked Biden was not in office in April-Jan 20th SO I guess we can agree finally that the president and the pipeline has nothing to do with oil prices which was my whole point.

Global supply and demand have the highest impact. As for the correlation between USD and oil price historically it was very much so inversely related. But recently not nearly as much as the United States has become such a large producer of oil and does not need to import nearly as much oil. But yes there is a correlation there.
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