Crude oil prices to start falling with the dollar rising dramatically
Crude oil prices broke through on Friday's trading, after the two saw the rise, this comes after the dollar significantly higher in today's trading against the major currencies, which had a negative impact on commodity prices, led by crude oil.
Traded futures US crude oil prices currently at $ 41.52 a barrel, after the session opened today at $ 41.80 a barrel comes before recording the highest at US $ 42.07 a barrel, while it may hit its lowest level at $ 41.03 a barrel.
The current decline in crude oil prices due to the recovery of the dollar against major currencies and a rise of 1% on the day after the US announced that the economy improved in the number of new jobs over the past month, bringing back confidence to the markets to go up dollar levels.
This remains constant fluctuation in crude oil prices in light of the uncertainty in the markets about the future growth in the global economy and their negative impact on the demand for crude oil at a time when supply is increasing dramatically by producing countries testifies.
Trading the dollar index, which advance the dollar's performance
against a basket of major currencies, is currently at the level of 96.39, after the record lows at 95.55 and was opened today's trading at the 95.74 level, recording the highest at 96.53. Dolla
r higher levels of the day comes after this week fell to its lowest level in five weeks at the level of 95.00.
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