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#552439

Bucksnet
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VK, oil is hardly rising, if at all. However its price is rising quite a lot. The difference in these 2 statements is explained by the ongoing fall in the value of the US dollar, and of course the pound and others are mostly backed by dollars.

The value of crude oil has stayed almost exactly the same for over 100 years, it is the falling value of currencies that is causing prices to rise.