Tag Archives: importers

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 […]

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