NEW YORK - ICE Brent’s on-again/off- again relationship with broader financial mar- kets is back on after taking the summer off, but the linkage is likely fleeting as supply expecta- tions remain the dominant factor determining oil prices for now. Brent’s latest rise toward $80 was not unaccompanied. It was instead followed by new record highs in the equity markets, which in turn stoked bullish sentiment about the direction of the global econ- omy and future oil demand. The US dollar index also weakened against a basket of other currencies, making oil cheaper in countries out- side the US.
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