I do think that crude oil could go lower. A stronger dollar, higher supply and lower demand is a combination to facilitate lower crude oil prices.
Since the U.S. dollar is the primary currency for crude oil transactions, a stronger dollar would typically lower the price of a commodity like crude oil because when the oil-producing country sells the U.S. dollars that they received in the transaction will purchase more of their local currency. Production levels are being maintained in the United States as well as oil-producing regions globally. There is concern that if a horizontally drilled crude oil well is shut down, it may not be able to start up again at its original production level.
This means that the oil shale producing regions in the United States will continue to produce even at lower prices which will contribute to higher supplies. With the possibility that Iran could begin adding up to 1 million barrels of crude oil per day to the global supply and the decreasing demand from the United States and from China could increase the downward pressure on crude oil prices.
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