No 04



OPEC Reiterates Concerns About Impact Of Weak Dollar On Purchasing Power

The continued weakness of the US dollar against other major currencies is a cause of concern for oil producers who have strong trade links with Eurozone countries, according to OPECs December Monthly Oil Market Report. The real value of a barrel of crude oil is mainly influenced by two factors, which are inflation and currency fluctuation, the report said, noting that since the inception...