U.S. Markets open in 8 hrs 39 mins

US Dollar Index Is Important for Crude Oil Traders

Gordon Kristopher
US Dollar Index Is Important for Crude Oil Traders

The US Dollar Index fell ~0.1% to ~94.6 on July 24, while September WTI oil futures rose 0.93% to $68.52 per barrel on the same day. The depreciating US Dollar Index supported oil prices on July 24.