Financial media typically reports that there is an inverse relationship between the U.S. dollar and the price of crude oil, with the currency as the driver of the commodity. A study by Homer Bonitsis of the New Jersey Institute of Technology and Farahmand Rezvani of Montclair University shows empirical evidence that in contrast to popular perception, there is no short-term U.S. dollar impact on the price of crude oil, only long-term. Bonitsis tells TheStreet’s Jill Malandrino longer-term, he expects the U.S. dollar to appreciate, which will have a dampening effect on crude.

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