Weak dollar increasingly supports oil

摘要

Currency fluctuations and monetary policy are affecting oil price formation more than ever,according to the consensus at a closed IEA seminar last month.But opinions are divided over the impact of money flows on commodity markets.The US Federal Reserve has cut interest rates six times since 18 September,weakening the dollar.Benchmark WTI crude rose to a record above 110/bl from around 80/bl over that period.