Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Why does the rise in the dollar lower the price of oil?
What is the relationship between a barrel oil and the dollar?
1 Answer
- OPMLv 71 decade agoFavorite Answer
Sellers of oil are not concerned about the nominal value of the barrel of oil but rather what it will buy. If the dollar increases in value, then you can lower the price of a barrel of oil and still buy the same goods and services in Europe and Asia. So, in terms of goods and services, planet wide, the price of oil isn't moving so much. In terms of dollars, it is very volatile because the dollar is volatile.
