Tag Archives: currency

Currency depreciation against the dollar affects oil importers and exporters differently

January 23, 2015 Source: U.S. Energy Information Administration, based on Bloomberg Widely traded futures contracts for North Sea Brent crude oil in global financial markets are typically priced in U.S. dollars (USD). The , or increase in value, of USD against most other currencies since last summer can either mitigate or exacerbate the effects of […]

Oil and currency markets reflect expectations for lower global economic growth

November 20, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: The U.S. dollar index measures the value of the U.S. dollar against a basket of six currencies’ exchange rates: the euro, Japanese yen, British pound, Canadian dollar, Swiss franc, and Swedish krona. An increase in the index means the dollar is appreciating against […]

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