"American crude oil" is a contract name in the American crude oil futures series. There is a positive correlation between crude oil index and dollar index price. The dollar index will rise, and the direct effect is that the demand for crude oil will increase, driving the price of crude oil to rise.

2. Different pricing

International crude oil transactions in the United States are denominated in dollars, while consumers in various countries buy crude oil products in their own currencies. Countries that produce crude oil indexes sell oil to get dollars, and use other currencies to buy goods and services from other countries in the world.

Extended data:

Delivery date of US crude oil futures

US crude oil is delivered monthly, and the first three trading days before 25th of the month before the contract month are the delivery dates, which should be 25th. Crude oil futures delivery can get warehouse receipts from the exchange through futures companies, but it is difficult to transport them back to China because crude oil imports require national quotas.

In the early 1970s, several oil crises brought huge impacts to the world oil market, and the sharp fluctuation of oil prices directly led to the emergence of oil futures. After the birth of oil futures, its trading volume has been growing rapidly, and now it has surpassed metal futures, which is an important part of the international futures market.