Date of Award
Spring 2016
Project
Capstone - Open Access
Major
Business Administration: Finance and Accounting
First Advisor
Mary Papazian
Abstract
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.
Recommended Citation
Donahue, Christina, "Oil Prices and a Stronger Dollar: Causation or Correlation?" (2016). Honors Senior Capstone Projects. 2.
https://scholarworks.merrimack.edu/honors_capstones/2