Volume 6, Numéro 6, Pages 196-209
Studies have shown that changes in dollar's exchange rate have a significant impact on world oil industry, as its depreciation increases oil demand and decreases its production, leading to the increase in oil prices. The deterioration of this later has affected the world economy. Since there are various analysis about causes of this decrease, estimates are also various about its ramifications in the light of the raging debate on the question of using oil prices as an instrument of pressure on the world oil market developments from its components, supply and demand, and on the world strategic stocks.
Dollar exchange rate for the euro, Oil prices, World oil market, Least squares method, Granger causality test
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