The Traderszone Network

Published in TZ Latest News 26 May, 2015 by The TZ Newswire Staff

Crude Oil Drops As Strong Dollar Hurts Demand

Oil tumbled to a one-month low in London as crude’s correlation with the dollar became the most pronounced since 2012. The stronger dollar will add to pressure on crude, according to Morgan Stanley. A rising greenback curbs the appeal of raw materials priced in the U.S. currency. Oil’s recovery from a six-year low has stalled amid speculation rising prices will encourage output from shale formations, while U.S.

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