Do you think fall in US dollor has affected the oil prices?

Question

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Answer 1

Absolutly, as the dollar loses value the amount of oil one dollar can buy decreases and therefore raises the cost of a barrel of oil.

Answer 2

actually, it is the other way about - increase in oil prices reduces the value of the US $. USA is one of the largest purchasers of oil. oil prices are determined mainly by the Oil Producing and Exporting Countries (OPEC) and sustained by reducing the quantity of oil produced/exported. demand for oil especially in USA, and in fact in most other countries is price inelastic - a unit rise in prices does not cause a unit fall in demand. so, USA spends more dollars importing oil. and that reduces the value of the dollar; it sets up a vicious circle.

Answer 3

a lot

Answer 4

The cost of oil increases for the US, as the dollar's purchasing power parity is reduced.