Weaker dollar pushed oil prices high international oil prices

Since the recent soaring international oil prices continued to attract the attention of most market participants. Some analysts believe that, except for

chaotic situation in the Middle East and North Africa of crude oil (108.29,0.01,0.00%), the impact of market supply and demand fundamentals, the dollar
Is the continuing weakness of oil prices caused by one of the major promoter strength. In the context of high international oil prices, as the world's

largest oil consumer the United States, its economy is bound to hit, the market situation in U.S. economic growth concerns to the U.S.

Element resulted in significant pressure.
The dollar index on Tuesday (April 19) New York trading around 75.00 hours at the basic, on the trading day Zengyin market debt crisis in the euro area,
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which were highlighted concerns rose to a 75.81 high level for nearly two weeks.
U.S. crude oil futures held steady at $ 108.50 late / barrel near the price of oil in the April 11 hit $ 113.46 / barrel two and a half high. Over the past

year, the U.S. crude oil futures prices have risen by 28%.
In fact, since early this year, broke out in the Middle East geopolitical crisis, with gold (1494.90, -0.20, -0.01%), silver rally, led by hedge assets is

quite significant, the dollar did not avoid their traditional significant currency risk status  

The benefit. Analysts pointed out that such an embarrassing situation is mainly attributed to continued investor confidence in the dollar shortage. At this

time of high oil prices a threat to the U.S. economic fundamentals is the U.S. dollar increased the burden of the shoulder.
On the one hand, from the international financial market, the dollar-denominated international oil prices, the dollar and international oil prices were

negatively correlated.
Analysts pointed out that 90 of the last century, the U.S. dollar and oil prices is only 12% correlation, but the recent past is the continued strengthening

of the correlation. According to the present market situation, if the dollar continues to depreciate, the international price of oil may be an endless ground
On the other hand, in recent years, U.S. energy consumption and oil imports rose sharply, the strength of international oil prices will continue to increase

U.S. oil costs, which will be full of ups and downs of the U.S. had to pose further threat to economic recovery.
U.S. Energy Secretary Steven Chu (Steven Chu) said on Tuesday that "the current U.S. economic recovery remains fragile, we are very worried about high energy

prices would pose a threat to economic recovery."
Dallas Fed President Fisher (Richard Fisher) said on Monday that crude oil prices is a double disaster, which will lead to increasing inflationary pressures,

but also increased the volatility of the financial system. He expects first-quarter U.S. economic growth

Will be quite weak, due in part to rising gasoline prices, consumer spending is being affected. Atlanta Federal Reserve Chairman  (Dennis Lockhart)

also expressed similar views.
U.S. government data released Monday, the United States on April 15 when the weekly average price of gasoline has risen to $ 3.84 / gallon, since August 2008

for the highest level since.