topshelf

Why Is Oil Creeping Back Up?

Many of the articles, including this one and especially those referring to the "Rally" can be replied to with this same wording:
As the USD drops prices go Up, be it the DOW, OIL, etc.
All else being equal a 10%, 15% Loss in the Dollar translates to an equal Gain/Rise in the Price Quotes we see

If you consider that the USD is heading substantially Lower, if you knew that the USD was heading Lower, than you could go Long on the Indexes we have all witnessed Rising for over 2 months, with no Fundamental reason obvious.......only if you look at it as I just tried to explain would this Rally make sense.

I have little doubt that a select "few" know things that the Average Investor does not.....this "thought" of mine is the one that could best explain what is going on. Another way to look at it is by viewing the DOW, OIL, etc., in other currencies. The Gains we see here in the US are not seen in other countries/currencies, so I say its the Currency, its a much Lower Dollar that's in play