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A Weakening Dollar Could Boost Oil Prices and DBO

Indian investors can benefit from higher oil prices

Indian investors can benefit from higher oil prices Premium In the investing world, oftentimes, price gains happen too slowly to notice, whereas setbacks happen too quickly to ignore (REUTERS) Viram Shah Share Via Read Full Story On 20 April 2020, the price of crude oil turned negative for the first time in history. A brutal combination of weak demand due to worldwide lockdowns and producers unwilling to reduce output led to a scarcity of storage capacity. The situation turned so bad that oil producers were actually willing to pay buyers to store excess oil, hence the negative prices. Since then, crude oil prices have bounced back strongly over the past few months to cross $60 per barrel on 17 February.

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