Crude Correlations

Our adage of "get the US dollar right and you'll get a lot of other things right" reigns true across multiple asset classes. With the US dollar appreciating in value since September of this year, Brent crude oil has gone the opposite way, dropping in value as the dollar rises. We believe there's room for further downside in crude oil but the US dollar will need to continue to strengthen.

Crude Correlations - 1yearoil