And this situation in the near future will probably overturn the traditional financial markets one of the most reliable indicators:Ceramic proppant the dollar and crude oil prices inverse correlation.
Generally speaking, the dollar index positive factor for the price of crude oil is often a negative factor. The U.S. oil boom cycle may change into the traditional theory of financial markets.
With U.S. crude oil and natural gas constant growing,Proppant the market has already been proposed in the future whether the dollar will be like the current Australian dollar, Canadian dollar and the Norwegian krone as a "commodity currencies", the value of the U.S. dollar and crude oil prices showed a positive correlation relationship.
Oppenheimer (Oppenheimer) Fund Portfolio Manager AlessiodeLongis said, "Energy for the U.S. economy is no longer a cost expenditures,unconventional gas but will be a source of profit, but also to promote employment or."
The manager added, "The future of the U.S. or will become a net exporter of energy and we are already seeing from the financial markets, the dollar and oil correlation is waning."
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