Dollar Strength Lessens Impact Of Oil Price Slide

Dollar-denominated oil prices have fallen by $40/B since June. For many producing and consuming countries this has been at least partly balanced by the strengthening of the dollar against the bulk of other world currencies. MEES examines the implications.

An oil supply glut and weaker than expected demand have contributed significantly to a precipitous decline in oil prices since mid-year. Whichever way you look at it, key oil...