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

Economist Perspective: Can U.S. Dollar Keep Its Momentum in 2019?

Economist Perspective: Can U.S. Dollar Keep Its Momentum in 2019?

What Investors Should Know Ahead of Google's Hearing on Capitol Hill

What Investors Should Know Ahead of Google's Hearing on Capitol Hill

Abbott Downing Exec: 'There's a Missed Perception That Volatility Means Risk'

Abbott Downing Exec: 'There's a Missed Perception That Volatility Means Risk'

Jim Cramer to Elon Musk: 'No Lawyer in the World Would Say You Should Do This'

Jim Cramer to Elon Musk: 'No Lawyer in the World Would Say You Should Do This'

Abbott Downing Executive on New Years Resolutions for Investors

Abbott Downing Executive on New Years Resolutions for Investors