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The strength of the U.S. dollar poses an obstacle to further gains in oil prices

Strong Dollar Could Cap Oil Prices


Strong Dollar Could Cap Oil Prices President Trump's trade war with China, which is still in its early stages, has already battered the yuan. The dollar has gained more than 8 percent against the Chinese currency since March. As Reuters points out, in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive.
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