What is the relationship between the rise in oil prices and the depreciation of the dollar? At present, the international oil price is the latest delivery month quotation of the New York Mercantile Exchange crude oil futures. In the 1960s and 1970s, after Nixon announced that the dollar was decoupled from gold, the United States allowed Saudi oil to be paid in dollars at the expense of supporting the feudal rule of the Saudi royal family and not overthrowing the Saudi royal family. Gradually, the whole OPEC oil was paid in dollars, so that the United States successfully converted gold dollars into petrodollars. It can be said that most of the oil in the world has become the carrier of the dollar.

The U.S. government sends dollars indiscriminately, and the unit oil takes more dollars!

Is that the dollar depreciates and oil rises!

International oil prices change all the time, just like we buy and sell stocks!

There is no fixed quotation, only a fixed trading date and place.