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The ",["$","strong",null,{"className":"text-text-primary","children":"\"geopolitical risk premium\""}]," in oil prices can expand and contract rapidly, creating both opportunities and risks."]}]]}]]}],["$","div",null,{"children":[["$","h3",null,{"className":"text-xl font-bold text-text-primary mb-4","children":"Oil & the US Dollar"}],["$","div",null,{"className":"space-y-4 text-text-secondary text-base leading-relaxed","children":[["$","p",null,{"children":"Oil is priced globally in US dollars, creating a historically inverse relationship between the DXY (Dollar Index) and crude oil prices. When the dollar strengthens, oil becomes more expensive for non-dollar buyers, reducing demand and typically pressuring prices lower."}],["$","p",null,{"children":"This correlation is not perfect and can break down during periods of extreme supply/demand imbalances. For example, a geopolitical supply shock can push oil higher even as the dollar strengthens. 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