MikeCristo8
@MikeCristo8
The reason why oil prices are rising is because the yuan – ruble currency pair now set Dollar Exchange rates in the forex market.
China – Russia have effectively devalued the dollar in the forex in the oil trade.
This is forcing foreign central banks to sell dollars (back to the U.S. Treasury)
This means global oil sales are no longer being priced in Dollars.
Interest rates are going to rise.
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