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US Dollar Index Hits an 11-Month High, Impacts Oil

Gordon Kristopher
US Dollar Index Hits an 11-Month High, Impacts Oil

The US Dollar Index rose ~0.3% to 95.08 on June 19, while August WTI oil futures contracts fell 1.2% to $64.90 per barrel on the same day. The strong US Dollar Index pressured oil prices on June 19.