Date of Award
Capstone - Open Access
Business Administration: Finance and Accounting
A stronger dollar is accountable for a major effect on declining oil prices. Since oil is traded in U.S. dollars, oil prices are more likely to fall when the dollar becomes stronger. Thus, companies within the oil industry are delivering their worst results of the current decade due to plunging oil prices. However, the stronger dollar is not solely responsible for falling oil prices; the deteriorating demand of oil is the result of slowing growth in major countries such as China.
Donahue, Christina, "Oil Prices and a Stronger Dollar: Causation or Correlation?" (2016). Honors Senior Capstone Projects. Paper 2.