Euro Vs. Oil

When does it stop being about supply and demand and start becoming about just a currency play?  Take a look at the chart below and tell me how do we determine what’s supply and demand and what’s currency speculation.  I’ve plotted the euro and I’ve plotted oil for the past year.  Interchangeable.

I think in the long run it is about supply and demand.  But for the past year, it’s been about the weakness in the dollar.

Euro Vs. Oil

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