Wednesday 26 October 2016

The inverse correlation between oil and the US dollar was interrupted - Goldman

Analysts at Goldman Sachs believe that the inverse correlation between the rate of the US dollar and the price of oil has stopped.
Over the last month, both the assets significantly rose against the background of "significant events", the bank said in the review.
According to the analysts, the dynamics of the oil is particularly unusual, given the strong exchange rate of the American national currency.
Goldman Sachs analyst Jeff Currie believes that if Russia will freeze the oil production, it will probably happen by January-February 2017. OPEC's strategy to protect its market share has remained the same, he said in an interview with Bloomberg.


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