The World’s Oil Buyers Are Being Crushed by a Surging Dollar

[AJBot]

(Bloomberg) — Brent oil has dropped more than 30% from this year’s high, but you wouldn’t know it if you live in Paris, Mumbai or Accra. Read More ...

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[Shaffy]

The rising dollar is really a cause for concern. People are having it rough already due to the worsening macroeconomic conditions, and this is only making things more difficult. The inflation is also biting harder and the price of fuel keeps increasing daily.

 

[Genie011]

The price of oils and commodities in general continues to decline due to the large effect of inflation caused by the global economic challenges. Investors in commodities are currently in loses.

 

[Danny4cash]

The price of oil has not been stable for quite sometimes now and I think surging dollar has not been the only reason for this. I understand that the surge in dollar price is mitigating the effect of oil price reduction in some countries.

 

[Ayojesu]

the crushing was a result of the dollar's strength and it will be continuous until the USD starts to weaken and decline in strength, the crypto asset is not left behind in this dip too, so always trade with caution

 

[Sincerem]

The rising dollar is really a cause for concern. People are having it rough already due to the worsening macroeconomic conditions, and this is only making things more difficult. The inflation is also biting harder and the price of fuel keeps increasing daily.

If you have to trace it , you will come to find out that all these thing is as a result of the war that is happening between Russia and Ukraine . This has affected the world in an obvious manner.