Quote:
Originally Posted by lezinterracial
Do you think it is because of Quantitative Easing ending and the possibility of higher interest rates causing the demand for oil to drop?
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The prospect of higher interest rates has caused the dollar to strengthen a lot (as youll see from the way euro/gold have fallen off) and since oil is priced in the USD, you've also seen oil prices fall back.
It has nothing to do with demand, its purely to do with the strong dollar. If interest rates do indeed go up (which some doubt), then expect more strength in the dollar and lower oil prices.