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The rise in oil prices with the decline of the US currency

Opinion – RT + Bloomberg

Oil prices rose, in trading today, Thursday, in light of the decline of the US currency, the dollar, and investors’ focus on prospects for demand growth.

By 10:13 Moscow time, US West Texas Intermediate crude futures rose 1.08% to $79.44 a barrel.

While Brent crude futures rose by 0.86% to $86.11 a barrel, according to Bloomberg agency data.

In the currency market, the dollar index, which measures the value of the US currency against a basket of major currencies, declined by 0.33% to 103.57 points.

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