In short, the dollar is gradually appreciating, and the appreciation of the dollar directly leads to the increase of its purchasing power.

Suppose:

It used to cost 100 dollars to buy a barrel of crude oil, but now the dollar has appreciated by 10% and only needs to pay $90, so the oil price has fallen relatively.

In addition, the light futures crude oil traded in the United States belongs to futures and is the best oil. Compared with spot crude oil, the price is relatively high.

It is impossible for the Organization of Petroleum Exporting Countries to let the oil price rise indefinitely, because once the oil price exceeds 120 US dollars, using alternative fuels (alcohol+gasoline, mixed electricity) will have a cost advantage and reduce the country's dependence on oil; However, it will aggravate the world's dependence on food. Compared with oil, food in the world is more scarce, and processing alcohol will consume a lot of food. Replacing oil with more power generation requires a lot of coal, and the price of coal will also rise. The long-term rise of oil will inevitably lead to the skyrocketing of grain, steel and coal products, and many Middle Eastern countries need to export oil and import steel, grain and coal products. In this way, raising prices or not will not do them much good in essence. Do you remember the food crisis at the beginning of the year? To put it bluntly, it is the disaster caused by the rescue oil.

No one knows how high and how long the dollar will rebound this time, so no one knows how much the oil price will depreciate. If the landlord has contacts in the Middle East, Russia or South America, he might as well hoard some oil and invest for a long time, hehe! It is not recommended to hoard domestic refined oil! The reasons are: domestic refined oil prices are at a historical high; Its price is strictly controlled by the state; But also restricted the export of refined oil; Most importantly, its price, like rice, is not linked to the international market.