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.

More from Video

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)

Racing Legend Mario Andretti Has Great Advice for Retirees

Racing Legend Mario Andretti Has Great Advice for Retirees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees

Nucor Is Waiting to See if Steel Tariffs Will Be Implemented, Jim Cramer Says

Nucor Is Waiting to See if Steel Tariffs Will Be Implemented, Jim Cramer Says

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?